Answer:
The dentist should get a new drill and it does not matter who pays for the new drill
Explanation:
Based on the information given the economically efficient outcome is that The dentist should get a new drill and it does not matter who pays for the new drill reason been that the building is been share by both the dentist and the radio station in which the electrical current from the dentist's drill was the one who causes static in the radio broadcast making them to lose some amount of money which means the dentist should go ahead and buy a new drill in which it does not matter who pays for the drill because they both shared the building .
Answer:
See below
Explanation:
A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.
The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.
Answer:
a.$4
Explanation:
initial price of fish dinner per piece was= $10
no. of fish dinner sold = 5
total initial revenue= 5*10= $50
new price of fish dinner = $9
and now six fish dinners are sold
new revenue= 6*9= $54
therefore the marginal revenue from the sixth dinner sold= 54-50= $4
hence option a is correct
Answer:
Risk Control
Explanation:
The statement, "You are more likely to control risks when they are identified earlier rather than later" is associated with the Risk Control Management principle.
Risk control is more effective when risk identification is undertaken early enough so that control measures are put in place to mitigate such risks, otherwise there will be a shift from 'risk control' to 'damage control' once any of those risks materializes.
