Answer:
The monopolist's profit maximizing level of output and corresponding profit-maximizing price is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm utilizes in determining its equilibrium level of output. Therefore, as the price falls, the market's demand for output increases.
Answer:
<em>Q1 rises quantity of clam chowder demanded</em> as there will be more demand from complement goods for Oyster crackers as theri price decreases it.
Q2 rises the quantity the demand for oyster crackers as more persons will find a consumer surplus at a lower price therefore, more quantity.
Q3 demand for wheat flour increases as they are an input in the processing of Oyster crackers.
Q4: increase as the demand increases without an increase in supply which,
Q5 increase input prices of bread making decreases it resulting in:
Q6: rise of the price of bread making people
Q7 subtitute with cereal thus,
Q8 increasing the demand for cerals.
Explanation:
Answer:
The correct answer is: market prices that are determined by consumers and producers acting in their own self-interest.
Explanation:
In a market system, the price of a good is determined by the intersection of demand for goods by consumers and the supply of goods by the producers. The price is determined at the point where the market forces of demand and supply are equal.
The producer is trying to maximize its profit while the consumer is trying to maximize its utility. Both are working for their self-interest and in this way are able to allocate scarce resources through the working of the market system.
Complete question:
The argument that firms prefer FDI over licensing to retain control over know-how, manufacturing, marketing, and strategy or because some firm capabilities are not amenable to licensing constitutes the
A. comparative advantage theory.
B.
distribution theory.
C.
new trade theory.
D. internalisation theory.
E.
licensing theory.
Answer:
The argument that firms prefer FDI over licensing to retain control over know-how, manufacturing, marketing, and strategy or because some firm capabilities are not amenable to licensing constitutes the Internalisation theory
Explanation:
The philosophy of internalization focuses on intermediate commodity demand imperfections.
There are two main categories of intermediate products: information flows between research and development (R&D) and manufacturing, as well as flows from upstream and downstream production facilities of parts and raw materials.
Most theory implementations rely on the flow of information. Having limited intellectual property rights including patents and trademarks makes correct information easier to adapt.
Answer:
c is correct
Explanation:
as we always plan something before doing it
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