Answer: Planning function of management
Explanation: Planning function of management is concerned with setting the objectives of future performance and to evaluate the need of resources required to achieve those objectives.
In the given case, uber wants to manage their competitive advantage. Therefore the management should plan their policies in such away that company can maintain their traits that are giving them advantage in market over others.
It is noted as so due to the fact the reader would like to know the reasoning behind the message. Following that the bots used to monitor emails for scams, spam, or viruses typically send off empty subjects as a spam.
Answer:
1. The mandatory retirement age in Wonkaland is abolished.
- INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of labor
2. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy.
- NO CHANGE IN THE LONG RUN AGGREGATE SUPPLY CURVE
3. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines.
- INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of capital investments
4. The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.
- DECREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: lower use of capital investments
Explanation:
The long run aggregate supply curve is only affected by changes in capital, labor and technology. If the use of these factors increases, the LRAS curve will increase, if their use decreases, then the LRAS curve decreases.
Answer: Any combination on the production possibilities frontier that brings the highest level of satisfaction to the people in the economy.
Explanation:
The Production Possibilities Frontier depicts the quantities of two goods that can be produced given that resources are limited and being used to produce the same goods.
Allocative efficiency therefore is any point on this frontier that brings the highest level of satisfaction to the people based on their needs and wants. For instance if people want more clothing than cell phones they should pick any points from B to E.
So long as it is on the PPF, there is Allocative efficiency.
