<span>This is what Joe says: "Information is more important than the additional revenue and additional cost of being open 1 more hour."
He is a wise person</span>
Answer: True.
Explanation:
A business brand earns a customer's trust gradually with time, by consistency and honesty on the part of the business brand. This customer trust can easily be lost, if the business brand is engaged in even a little scandal or reckless act.
Joann, most likely, has Point of Services type of insurance plan. There are six types of the insurance health plans that differs by their premium and benefit. The HMO plan, the PPO plan, the EPO plan, and the Point-of-Service Plan (POS) are the types of insurance plan that shares a similar benefit. However, the POS plan gives the most freedom in term of health providers. Thus, POS plan is the most suitable answer.
Answer:
<u>Monopolistic Competition:</u>
4. a firm that faces a downward sloping demand curve.
<u>Perfect Competition:</u>
1. a firm that produces with excess capacity in
3. a firm that may earn in an economy profit or loss in the short run
5. a firm that that maximizes profits profit in the long by producing where MR = MC
<u>Both:</u>
2. a firm that has a firm that sets price greater than marginal cost.
Explanation:
Answer:
Decrease; Less
Explanation:
The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.
When the market price of a product falls, the producer surplus will decrease as well.
The lower market price implies that there will be less area between the supply curve and the market price of the product.
