Competition will eventually make the price of goods and services to equilibrium price.
Competition will make the sellers lower the price so they can attract consumers, which will be very beneficial for the consumers
hope this helps
Answer:
All options except A
Explanation:
All the options except productivity (option A) will shift the production possibility curve (PPC) inward.
The factors that shift the PPC inward are; decline in labor demand (increase in unemployment), decrease in capital and technology backwardness.
Unemployment increases during economic recession and increases during economic boom. Recession occurs when there is a decline in aggregate demand; and a decrease in aggregate demand forces businesses to cut jobs, which shifts the production possibility curve inward.
Increase in the price of raw materials elevates the cost of production and the ability of the producer to produce more. Thereby reducing output, hence an inward shift of the PPC.
Mis-allocation of resources causes the business to produce less than its optimum capacity, hence a reduction in output and an eventual inward shift of the PPC.
A natural disaster leads to economic crunch and a decline in aggregate demand, hence an inward shift of the PPC
Answer:
B) 14,200 units
Explanation:
Equivalent unit of conversion = (8000*25% + 8000*100% + 7000*60%)
= 14200 units
Therefore, The equivalent units of production for conversion cost would be 14200 units.
B. the hacking and looting cooperative servers..
Answer:
Here the correct answer is A) Sustainable marketing concept.
Explanation:
Sustainable marketing concept is a new marketing concept ( which can be defined as a philosophy where producers should find out and understand what is consumers needs and wants and then make decision regarding goods or services to be produced ), which has became a game changer in today's society, where companies and producers have started to realize that they need to meet the needs and wants of future generation , but without messing up the future.
McDonald's have also adopted a similar strategy where they're understanding the demands of new generation and that's why they have added new healthy food options in their menu, they're trying to adopt to the changes in the society.
