Answer:
A subcontractor is a company or person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor.
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Answer:
to provide honest and realistic recommendations and conclusions in the execution of one's duties
to comply with enforced laws,
Explanation:
Answer:
The production range between 1120,000 and 150,000 is called Relevant range
correct option is c) relevant range
Explanation:
given data
normally produces = 120,000 to 150,000 units
to find out
The production range between 1120,000 and 150,000 is called
solution
The production range between 1120,000 and 150,000 is called Relevant range because there are 2 point
- if Craft, Inc. need to reduce fixed expenses then production volume is reduce less than 120000 unit
- if Craft, Inc. need to increase fixed expenses than production volume is increases more than 150000 unit
and if expected fixed expenses will not change than the production volume is 120000 units to 150000 units
so that production range between 1120,000 and 150,000 is called Relevant range
correct option is c) relevant range
Answer:
The price will be higher and output lower in absence of competition.
Explanation:
When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.
It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.
The resources will not be efficiently allocated and deadweight loss will exist.
Answer:
The answer is Substitutes.
Explanation:
For cross-price elasticity we can either have substitute goods or compliment goods. If the cross-price elasticity is positive, then the goods are substitutes and If the cross-price elasticity is negative, then the goods are compliments.
In this example, the cross-price elasticity is 0.31. This answer is postive, meaning, beer and wine are substitutes.
So 1% increase in price of wine will make demand of beer to rise by 0.31.
It can't be complement s because it is not negative.
It can't be necessities because this does not relate to cross-price elasticity
