Answer:
The main reason for imposing price ceilings is to protect the interests of the consumers in situations in which they are not able to afford needed commodities.
Explanation:
Answer:
Use more labor and fewer capital.
Explanation:
Given that,
For producing 10,000 gadgets,
Labor hours use = 80
Capital = 6 units
Marginal product of labor = 4 gadgets per hour
Marginal product of capital = 20 gadgets per unit
Cost of each unit of labor = $8 per hour
Cost of each unit of capital = $50 per unit
Therefore,
Marginal product per dollar for labor is as follows:
= 0.5
Marginal product per dollar for capital is as follows:
= 0.4
Hence, the marginal product per dollar for labor is greater than the marginal product per dollar for capital, which means that the firm should use more labor and fewer capital.
Answer:
To avoid possible agency problems, <em>profit sharing</em> should be included in your offer
Explanation:
<em>Profit sharing</em> has to be included to ensure trust and to also gain the new general manager's trust
Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.
<u>Explanation:</u>
Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.
Today the popular distribution channels among businesses include:
- retailers,
- wholesalers,
- distributors,
- the Internet.
Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.
Answer:
They last for a certain period of time
Explanation:
Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular]) When the money is removed short of the stated time period a penalty is taken from the value of the CD.
