Answer:
The correct answer is that both competition and patent system encourages business owners to grow and develop better in circunstances.
Explanation:
To begin with, a <em>competitive marketplace</em> generates the free entrance from entrepreuners to the market no matter how many other competitors are and it also encourages every company to make their products or services better for the consumers due to the fact that if the do not do that then the other competitors will, therefore that competition makes the best of every party.
Secondly, the <em>patent system</em> does also encourages the business owners and helps the economy because it assures them that no matter how many competitors there are, the product that they invent will be protected by the federal government and the law so they will be free to create something unique and obtain big profits from that.
To sum up, the reason why both the competition and the patent system are essential to creating a large economic pie is due to its capacity of encouraging the business owners to grow and develop.
The economy is currently producing at point c, 10 Thousand wrenches are the opportunity cost of moving to point b.
At point C. It produces 10 thousand hammers and 40 thousand wrenches. If we move to point B, it will produce 23 thousand hammers and 30 thousand wrenches.
So to produce13 thousand additional hammers, the production of wrenches should be cut by 10 thousand. It is the opportunity cost of producing extra 13 thousand hammers.
Economics is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system. Careful use of assets, resources, etc. Reduce waste through careful planning and use. economical or frugal use.
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Answer: edge computing
Explanation:
Edge computing refers to an open and distributed IT architecture which possesses features such as decentralized processing power, and Internet of Things (IoT) technologies.
Data is not transmitted to a day center but rather being processed by the device itself or the server. It helps in bringing data storage and computation closer to the data sources and this helps in saving bandwidth and improving response times.
Since the company wants to improve its operations by using data from devices at individual locations to make real-time adjustments to service delivery, then the technology that would be combine with its current Cloud operations to make this possible is the edge computing.
Answer:
Variable cost per unit is $9 and the fixed cost is $29,500
Explanation:
The computation of the variable and fixed components are shown below:
For variable cost per unit, it equals to
= (High cost - low cost) ÷ (High associated cost drivers - low associated cost drivers)
= ($92,500 - $60,100) ÷ (7,000 - 3,400)
= $32,400 ÷ 3,600
= $9 per unit
Now the fixed component equal to
= (High cost) - (variable cost per unit × high associated cost drivers )
= $92,500- ($9 per unit × 7,000)
= $92,500- $63,000
= $29,500
The best way to describe Jamal's unemployment would be <u>Structural</u>
