Networking with your friends, members of organizations and co-workers can assist a person to get the job they want or move up in their current job. Networking can help a person get into the right circles and meet new people. This will help you meet the right connections to better yourself with a new job or even move up the ladder in your current job. You can also have business cards made and give them to co-workers, friends, and family to pass around for you. You can also use people in your already completed circle of friends to use as a mentor. This will help you become the person you want to be in life.
Explanation:
a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.
b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.
One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.
Answer:
Wow that’s a lot of numbers hold up
Explanation:
Answer:
A) Q=17
B) $80
C) 518
Explanation:
C(Q) = 60 + 12Q + 2Q2
and its MC = 12+ 4Q
a.How much output should the firm produce in the short run?
Put P = MC and solve for Q
P＝MC
80=12+4Q
4Q=68
Divide both sides of the equation by 4
Q=17
b.What price should the firm charge in the short-run? $80
c.What are the firm’s short-run profits?
Hint:
Profit=Total Revenue-Total CostTotal Revenue=$80x17=1360
TotalCost=60+12x17+2(17)2=60+204+578=842
Profit=1360-842=518
