D.) Whether to order a pepperoni or a cheese pizza is a decision that cannot be made at the margin.
Making decisions at a margin is merely considering an option on top of your made decision. Cost and Benefit is a factor in thinking in a margin.
You have already decided to move. Your marginal decision is whether to move to Boston from Chicago,
You have already decided to spend the day on Saturday. Your marginal decision is whether to watch a movie or go hiking.
You have already decided to have a two-week vacation. Your marginal decision is whether to spend it on the shore or in town.
You have decided to order a pizza. Any flavor of pizza will still make you spend money. So there is no marginal decision needed.
The increase in labor productivity leads to lower per-unit costs because workers<u> can </u><u>specialize </u><u>and the </u><u>firm </u><u>can </u><u>spread product costs</u><u> over </u><u>greater output.</u>
Labor Productivity:
- Is the number of goods produced by a single worker
- Is calculated by dividing total production by the number of workers
When labor productivity increases, it means that workers are producing more output. This results in lower costs per product because the cost of labor will remain the same yet the products are increasing.
In conclusion, increased labor productivity leads to lower costs of per unit production because the number of products would rise relative to the cost.
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Answer:
best efforts
Explanation:
As it name suggests, a best efforts IPO takes place when an underwriter cannot commit completely to a client because the market interest in the firm is not certain. So the underwriter "promises" to make its best effort to carry out a successful IPO, but cannot guarantee it. On the other hand, when the market interest is very large, underwriters themselves purchase the entire IPO through a firm commitment IPO.
Answer:
d. participates in the firm’s management.
Explanation:
A limited partnership is a form of business ownership with two or more partners. Limited partnerships are made up of general partners and limited partners.
The general partner manages the daily business operations. He makes investment decisions on behalf of the enterprise. He has unlimited liabilities to the debts and the liabilities of the business.
A limited partner is also known as silent partner. He does not take part in the management of the business. He has no voting rights. His liability is limited to the total amount of his investments
Answer:
From my view, the BEST example of indirect denial is E.
Explanation:
In the indirect denial method, We first directly agree with the customer's view point and then give a reason why that customer's view is not 100% accurate.
In E, we can clearly see this, you first say Yes by saying "that's true". and then gives a fair reason why your deal is still the best.
In the Option B, which seems an ok answer too, we don't directly agree with the customer's statement first.
Because of this, Option E is the most applicable answer.
