Answer:
Left shift
Explanation:
In simple words, If manufacturing costs rise, the distributor's expenses for each output threshold will rise as well. The supply curve must shift inwards that is to the left) if everything else remained constant, indicating the higher cost of manufacturing. At each quantity level, the provider will supply less.
Answer:
An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.
Explanation:
Three characteristic of an entrepreneur:
Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.
Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.
Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.
Answer:
Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.
Explanation:
Giving the following information:
Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.
Kay walks five dogs a day.
Income= 7.5*5= $37.5
Total cost= 45
Loss= (7.5)
Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.
Outcome which is expected regarding the hot cocoa industry when the cost of cocoa from south america increases in price, making it more expensive to u.s. businesses is that consumers will decrease the purchase of hot cocoa.
This happens due to the law of demand.
The law of demand describes that demand for any product changes inversely to its price if all other things kept equal. In other words, the higher the price will be, the lower the level of demand will be there.
Because the buyers always have finite resources, their spending on a given product or any commodity is also limited , so higher prices will definitely reduce the quantity demanded.
To know more about law of demand here:
brainly.com/question/10782448
#SPJ4
