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marissa [1.9K]
3 years ago
8

Innovation in the sales process and methodologies within the sport industry have often been more advanced then those used in oth

er service industries.
Business
1 answer:
kobusy [5.1K]3 years ago
4 0
The answer for this statement would be TRUE. Innovation nowadays have been improving especially in the sports industry because the world wants to keep up with the latest advancements now in the field. Therefore, we could really see that it is more advanced than those used in other service industries.
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Why does the quantity of public college education determined in a free market (without government intervention) represent a mark
Elan Coil [88]

<u>Because the </u><u>equilibrium quality </u><u>chosen by the market would be lower than the level that most people would consider desirable, the quantity of public college education determined in a free market (without government intervention) is a</u><u> market failure.</u>

How does government intervention lead to a collapse of the market?

  • Lack of information, market regulation, public goods, and externalities can all contribute to market failure.
  • Government intervention, such as new laws, taxes, tariffs, subsidies, and trade restrictions, can be used to fix market failures.

How does the market for education fail?

  • Due to systematic undervaluation of the roles of motivation and engagement by educational policy, there is a significant market failure in the context of education.
  • Lack of metrics for those qualities and ignorance of their potential usefulness serve as examples of this undervaluation.

Learn more about market failures

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1 year ago
Jackie is often surprised when she goes to other countries to learn that people do business so differently. For instance, in mee
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Answer:

Self reference criterion ( C )

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self reference criterion is the influence one's  culture will have on the person when the person is exposed to a situation that is suppose to portray the culture the person is used to, but the situation portrays a different culture, hence based on her cultural values and experience she believes that  small talks makes the meeting unnecessarily long

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3 years ago
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Thank you for the points man ;)
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Why do we have a graduated income tax?​
lina2011 [118]
Supporters of the progressive system claim that higher salaries enable affluent people to pay higher taxes and that this is the fairest system because it lessens the tax burden of the poor. ... Taxes do not discourage high earners from earning more, and the low tax rate encourages the poor to strive to earn more.
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3 years ago
Assume price exceeds average variable cost over the relevant range of demand. If a monopolistically competitive firm is producin
ivann1987 [24]

Answer:D) increase output.

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The marginal cost  for production and marginal revenue are measures that businesses  use in  determining  the amount of output and the price of  a product that will enable them to maximize profits.

When the marginal revenues  are greater than the marginal cost of production, then the firm is making profit per unit  and should increase its production so as to make  more output until profit is attained.  When Marginal Revenue are lower or less than the marginal cost of production, then the firm is making a loss per unit  and should decrease its production.

Here,  competitive firm is producing at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should <u>increase output .</u>

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