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Katen [24]
3 years ago
11

In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm:

Business
1 answer:
REY [17]3 years ago
7 0

Answer:

B. changes production levels to meet the demand.

Explanation:

The Keynesian model is usually used as a theoretical approach to understand economics in the short run. For Keynes, in the short term, firms can not change their prices immediately because exist a menu cost: the cost of changing prices. Instead, firms change the unique variable that they can control: quantities.

In such way can meet the demand in the short run.

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Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is
Sav [38]

Answer:

The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.

Explanation:

6 0
3 years ago
Identify the trade-restraining practice that this example demonstrates. Two retailers decide that they will both sell no more th
Sav [38]

Answer:

The right approach is "Controlling output".

Explanation:

  • Correlation between these two retailers starts deciding that they would rather whether to sell no upwards of hundred TV premium increases for every month throughout order to ensure the highest TV appearance.
  • This seems to be essentially successful when something is necessary to maintain this same inventory but instead influence the suitable provision including its corporation as well as to create pricing power by offering to buy a small share of the economy.
5 0
3 years ago
suppose the fimrs hires each unit of labor for $700 per week, and each unit of output sells for $9. How many workers will the fi
rusak2 [61]

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

6 0
3 years ago
3. A project manager is trying to complete a software development project, but cannot get enough attention for the project. Reso
Hitman42 [59]

The form of organization must the project manager be working in Functional.

<h3>What is the meaning of organization?</h3>

Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.

In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.

This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.

Learn more about the project here:

brainly.com/question/15999858

#SPJ1

7 0
2 years ago
When managers organize divisions according to the types of customer to whom they market their products, they are focusing on a p
mezya [45]
When managers organize divisions according to the types of customer to whom they market their products, they are focusing<span> on the product structure: market structure.
</span>The market structure is an organizational structure in which each kind of customer is served by a self-contained structure.
6 0
3 years ago
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