Answer:
a. Collaborative
Explanation:
Based on the information being provided in regards to how Olivier leads his team it seems that he is a collaborative leader. This is a type of leadership approach where the leader and employees work together in order to get everything done as a whole. Which seems to be the case in this situation since Olivier is displaying many of the traits associated with this leadership style such as , people skills, adaptation, enthusiasm for work, etc.
Answer:
Temporarily low and so supply a smaller quantity of labor.
Explanation:
Because workers see that their nominal wages are falling, but they fail to see that the price level of goods and services also has fallen by the same percentage (meaning that their real wage has not fallen, but stayed the same), they will likely believe that the reward for their labor is less, so they will have less incentive to work, supplying a smaller quantity of their labor force in the process.
Answer:
c. there are no barriers preventing new firms from entering the market in the long run.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.
However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.
In a nutshell, in the long run equilibrium P=MR=MC and P=AC.
Therefore, a typical firm in a perfectly competitive market earns zero economic in the long run because there are no barriers preventing new firms from entering the market in the long run.
Answer:
PV= $1,876.87
Explanation:
Giving the following information:
Rosalie wants to have $7,500 in 18 years. Use the present value formula to calculate how much Rosalie should invest now at 8% interest.
We need to use the following formula:
PV= FV/(1+i)^n
PV= 7,500/(1.08^18)= $1,876.87