Answer:
The correct answer is letter "C": Revenue.
Explanation:
Revenue tariffs are those imposed when a government has the intention of earning a profit from business revenues. This is done with the intention of financing the government's operations to fulfill its objectives but usually has a negative effect on the market price levels.
Answer:
B. good communication
C. positive social skills
Explanation:
Soft skills are extremely important - crucial in the workplace. No matter how a technical and automated a job can be, team work and collaboration will be always needed.
In order to have great relationships with colleagues and managers, one must possess good communication and positive social skills. He/she must be a good, active listener and ready to help colleagues constantly.
Increase in quantity demanded discount price value
Answer: Joint venture
Explanation: In simple words, joint ventures refers to the business arrangement in which two separate entities join their operations for a single venture with the intent of earning monetary benefits or other such benefit as such.
In such an arrangement the two entities join their operations but keep their entities separate for their existing businesses. In the given case, ABC and XYZ have joined their operations in relation to each pother needs with the common goal of earning profits.
Hence the correct option is B .
Answer: The input choice will be relatively similar when prices and the marginal product of both capital and labor are equal.
Explanation:
For a cost minimizing output, it is required for a firm to employ resoruces where the MPl/Pl = MPk/Ok
Note that:
MPl = marginal product of labor
Pl = labor price
MPk = marginal product of capital
Pk = capital price
A firm that has cheap capital resources will employ more capital likewise the company that has cheap labor resources will employ more of labor.
The input choice will be relatively similar when prices and the marginal product of both capital and labor are equal.
