The correct answer is A.
A company that seeks profit maximization in a competitive market needs to fulfill the following condition:
<em>price = marginal cost </em>
- The marginal cost refers to the cost endured when producing one extra unit
- In a competitive market firms are price takers, hence the price equals the average revenue and the marginal revenue as well.
- When deciding the amount to be produced, firms need to use the equality : marginal revenue = marginal cost, which in a competitive environment is translated into: price = marginal cost
In the present example, the firm could only add an extra worker if the increased marginal cost (13) was not exceeding the price (12). As this increase in fact occurs, it is better that the company stays with nine employees.
A figure of speech deviates from the ordinary, expected meanings of words to make a description or comparison unique, vivid, and memorable. Common figures of speech include metaphors, similes, and personification.
Answer:
The sender and receiver do not share overlapping frames of reference.
Explanation:
Communication is a two-way process. It requires a sender and a receiver. Also, both the sender and the receiver are required to possess certain things in common to help in the free flow of communication. Some of the common aspects include language, topic, and references. In the absence of these aspects, the communication fails. In the given situation, the same happens when Ed and the interior decorator. Both of them converse with each other about different topics. As a result, the information does not reach them in the way it should be.
Darling, since abolition means to get rid of something, abolition of slavery means to get rid of slavery.
Hope this helps ^^
