Answer:
Profit Maximisation
Explanation:
Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.
Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity
Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.
Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.
Answer:
The answer is B. included in U.S. GDP because they are produced domestically
Explanation:
Exports are included in the gross domestic product as the production is done locally. Apart from exports, imports are included in the GDP as well.
Desire-based advertising is used to drive people to purchase items based on a desire for it. An example for desire-based advertising is to draw people in to a store based on a sale of an item that they desire. A fear-based advertisment can be for insurance. They advertise against the "what ifs" and "what could happen" if you do not hold car insurance and end up needing it.
Answer:
Are an alternative to new ventures.
Explanation:
Joint ventures is a business arrangement between two of more organisations to form a partnership. The oganisations involved share ownership, profits, investments.
A joint venture provides access to a large number of resources and it also provides the opportunity to gain new insight and expertise.
Different organizations enter into joint venture for either the purpose of a production process or research avtivity.
