Answer:
The manufacturing industry helps support the global and national economies, as well as individuals and families.Manufacturing has always been on the cutting edge of technology. Relaying details about their jobs may be met with disinterest and boredom.Manufacturing affects almost everything in our lives.
All of Jeff's activities are aimed at giving Jeff a sustainable competitive advantage through Strategic Positioning. Strategic positioning attempts to achieve a sustainable competitive advantage by preserving what is distinctive about a company. A company has a sustainable competitive advantage when it acquires some qualities or attributes which are different from other competitors in the market and which makes it outstanding in the market, and when these advantages last for many years, then they are known as sustainable competitive advantages.
Answer:
Number of utils that will be received from the purchase is 6.667 utils.
Explanation:
At Optimum:
Pa / Pb = MUa / MUb
Where;
Pa = Price of the baseball game = 15
Pb = Price of the movie ticket = 10
Now,
15/10 = 10/MUb
1.5 = 10/MUb
MUb = 6.667 utils
Thus, the number of utils that will be received from the purchase is 6.667 utils.
<span>When an activity threatens to harm the environment or society, policy
makers should consider implementing precautionary measures. Precautionary
measures should be taken even if some cause and effect relationships are not fully
established scientifically to ensure safety to an environment or society.</span>
Answer:
The natural monopoly will have incentives for efficiency and innovation
Explanation:
Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.
In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.
