Significant formal education
Answer:
advise her friends this could constitute a violation of Sherman Antitrust Act
Explanation:
The purpose of the Sherman antitrust act is to promote the fairness and the competitiveness in order to regular the commerce i.e. intersttae
Since in the question it is mentioned that the commissions came up and comparision would be done on the commission rate so he should advise her friends that violate the Sherman antitrust act
SO the same is to be considered and relevant too
Answer: An inefficient firm is unable to achieve as much output as the production function shows.
Explanation:
The Production function shows the maximum amount of output that can be produced by a company given the a certain number of inputs which are usually capital and labor.
At each combination of the input therefore, the function shows how much a company should be able to produce. If a company is therefore inefficient and unable to use its inputs effectively, it will be unable to produce at the point it is to be producing at given the combination of inputs they are using.
Answer:
C
Explanation:
here are the options to this question
a. equilibrium prices and quantities will increase.
b. equilibrium prices will increase by more if the demand for caviar is elastic than if demand is inelastic.
c. total revenues to caviar firms will increase if the demand for caviar is inelastic.
d. all of the above are correct
As a result of the increased government scrutiny of caviar, the supply of caviar would fall and a result of this, prices would rise.
if prices rise and demand is inelastic, the total revenue of caviar firms would rise.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
As a result of the rise in price of caviar, there would be little or no change in quantity demanded and total revenue of these firms would rise
Individuation is the search for autonomy and differentiation. It involves an increasing awareness of one’s unique psychological reality, including the personal strengths and limitations, and at the same time a deeper appreciation of humanity in general. Individuation<span> distinguishes you from everybody else. </span>