Answer:
Output = 5
Explanation:
As per the data given in the question,
Output per firm :
Marginal cost = Average total cost
MC = ATC (Since in long run each type of firm is earning zero economic profit)
(49 + q^2) ÷ q = 2q
49 + q^2 = 2q^2
49 = q^2
q = 7
Average total cost = (49 + 49) ÷ 7
= 98 ÷ 7
= 14
Hence, Price = min ATC = MR = 14
Market quantity (Q)
= 49 - 14
= 35
Number of firms
= Total quantity ÷ Output per firm
= 35 ÷ 7
= 5
Answer:
Steve will take 240 minutes or 4 hours.
Explanation:
Steve and Hillary can mow a lawn in 60 minutes by working together. However, Hillary works three times faster than Steve.
Let's assume Steve takes takes x minutes to mow alone.
This implies that Hillary can mow alone in x/3 minutes.
In a minute, Steve can mow 1/x of the lawn, so this means Hillary can mow 3/x of the lawn.
In a minute together then can mow,
= 
= 
In 60 minutes they can mow
= 
= 
This means that it takes 4 hours for Steve to mow the lawn alone.
Answer:
a sustainable competitive advantage
Explanation:
A sustainable competitive advantage -
It refers to the practice which the company need to inculcate , in order to sustain in the upcoming global market , is referred to as a sustainable competitive advantage .
The company need to have a good reputation along with good services for each of his customer , so that everyone enjoys the service without any discrimination , and this practice help the company to grow flourish in future .
Hence , from the given scenario of the question ,
The correct term is a sustainable competitive advantage .
A career is a job that you go to for most of your life. Most careers require you to go to school for them. A career is a specialized activity that you are trained to do. Not something that you learn in a couple of minutes. For example working at McDonald’s is not a career but a doctor is. (I gave you some so you can fill in based on what I said :) )
Answer:
False
Explanation:
In the given question it is mentioned that the employees earned vacation pay of $35,000 during the first year of the operation.
Hence,
the expenses should be recorded as the vacation pay expenses in the same year not in the following year i.e the second year whether the employees take the vacation in the same year or the next year.
