Local Technology is an IT services company focused on building businesses through leveraging the best technology solutions.
Answer:
The correct answer is D. equal to both average revenue and marginal revenue.
Explanation:
A perfectly competitive market or market of perfect competition is that market in which two characteristics are fulfilled:
1) there is a large number of buyers and sellers in such a way that the influence they individually exert on prices is negligible;
2) the goods or services that are exchanged are the same. [Supply and demand] Perfect competition is the situation of a market where companies lack the power to manipulate the price (price-acceptors), and there is a maximization of well-being.
This results in an ideal situation of the goods and services markets, where the interaction of supply and demand determines the price. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. The goods offered by different vendors are largely identical. Companies can freely enter and exit the market.
Answer: d. employ less capital and more labor.
Explanation: Given the marginal product of labor equals 10 and a marginal product of capital equals 50, since the marginal product of capital is now considerably larger than that of labor, increasing labor should be prioritized at this point, because due to the marginal returns on capital may soon start to diminish especially with the high capital rate. And also, high capital rate of $100, which is considerably higher than the labor wage rate of $20, the firm should employ less capital and focus more on labor
Answer:
d. $2.18
Explanation:
The answer with detailed working is attached.
The answer is <u>"lack of access to cutting-edge technology".</u>
SWOT Analysis is a valuable method for understanding your Strengths and Weaknesses, and for recognizing both the Opportunities open to you and the Threats you confront. Utilized in a business setting, it causes you to cut a feasible specialty in your market.
Cutting-edge technology alludes to mechanical gadgets, methods or accomplishments that utilize the most present and abnormal state IT improvements; at the end of the day, innovation at the outskirts of learning. Driving and creative IT industry associations are regularly alluded to as "cutting edge."
