Answer:
equilibrium market price = 40
Number of firms in the industry = 240
Explanation:
Let we assume the number of firms be N
And, at equilibrium
Marginal cost = market price
2Q = P i.e market price .....................(i)
Also demand = supply at equilibrium point
which equals to
= 240 × (P ÷ 2) = N × Q.......(ii)
So,
from (i) and (ii)
N i.e Number of firms in the industry = 240
since Q i.e Quantity =20 units
So,
P = 2Q
= $40
Answer:
privitazation of government operated firms, and they opened the economy to trade and foreign investment
Explanation:
Always agreeing with anyone above you
Not accepting ideas
Lack of communication, up and down and across
Keeping information inaccessible
Not understanding your customers
Staff don't participate in any decisions
No team work, everyone out for themselves
Little chance of advancement
No reward system
Not following their own policies
Inconsistency in products or service
Maybe that's enough, huh?
<span>Diminishing marginal returns - By investing in hiring an additional worker, Michelle does not receive twice the productivity compared to when she had only 1 worker. Productivity only increased by roughly 50%. I would consider the worker to be more of an investment, and thus count as diminishing marginal returns, rather than decreasing returns to scale, which I consider to apply more to assets, such as machines for manufacturing or in the case of the scenario, an additional kiln.</span>
Answer: Yes contract has been formed.
Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.
In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.