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Tresset [83]
3 years ago
6

A _____ primarily details the goal-directed actions managers take in their quest for competitive advantage when competing in a s

ingle product market.
Business
1 answer:
Lilit [14]3 years ago
5 0

A business level strategy primarily details the goal-directed actions managers take in their quest for competitive advantage when competing in a single product market.

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Which of the following can explain the upward slope of the short-run aggregate supply curve? a. nominal wages are slow to adjust
Goryan [66]

Answer: A - nominal wages are slow to adjust to changing economic conditions 

Explanation:

In the short run, the costs of many of the factors used in the production process are fixed.  For example labours wage is fixed for a number of years because of labour contracts. Also the raw materials used in the production process have long term agreements that fix their prices.

As a result of factors of production been fixed in the short run, when general price level rises and the cost of production remains constant, profit also rises.

Firms take advantage of this rise in price and increase production and the quantity of aggregate supply increases. This is why the short run aggregate supply curve is upward sloping.

7 0
3 years ago
The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown retu
Ivenika [448]

Answer:

D. decreasing returns to scale.

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
3 years ago
Purchasing power parity does not hold in the short to medium run because:____.
maria [59]

Answer:

some goods aren't internationally traded

Explanation:

Purchasing power parity is most popularly known as the PPP. It may be defined as the measure of the prices of the various countries which makes use of the price of some specific goods in order to compare the absolute purchasing capability or power for the countries' currencies.

It is used to measure and compare prices at different locations.

The purchasing power does not hold good in the short to the medium run as different countries produces different goods and as such all the goods are not internally traded all over the locations or countries.

8 0
2 years ago
Dmitri doesn't like Val, one of his coworkers. Dmitri started to send an e-mail to his workgroup, falsely accusing Val of steali
bixtya [17]

Answer:

C. Professional Ethics.

Explanation:

Ethics are moral qualities which governs a persons behavior. A person is sometimes in an ethical dilemma scenario where he has to take decision which might impact his ethical values. Professional ethics is a situation where a person thinks how his decision will be viewed by an independent jury or audience.

7 0
3 years ago
Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 37
schepotkina [342]

Answer:

Endign inventory cost= $3,708

Explanation:

Giving the following information:

Purchases 378 units at $20

Purchases 54 units at $22

<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units incorporated into inventory:</u>

Ending inventory in units= 180

Endign inventory cost= 54*22 + 126*20

Endign inventory cost= $3,708

5 0
3 years ago
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