Answer: The correct answer is the first statement.
Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.
<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>
Answer:
The correct answer is letter "B": technological paradigm shift.
Explanation:
A paradigm shift takes place when the is a change in the methods and practices that were traditionally used and were conceived as main references due to the introduction of new ideas. Technological paradigm shifts are those caused by the creation of new technology that abruptly alters the market. For instance, the introduction of e-mails replaced faxes and courier services for mailing.
Answer:
Difficulty managing public investment so it's done in a cost effective way
Explanation:
An Economy
This is simply known as a well arranged means by which nations supply or provide for the needs and wants of its people.
Resources
This are simply all the materials or things that is put in place that is used in producing goods and services.
Factors of production includes land, labor, capital, and entrepreneurship.
The reasons for government intervention is due to the allocation function, market failure occurs in case of Public Goods, externalities, Insufficient Competition; distribution function and stabilization function. Government influences decision making by establishing legal framework within which businesses and households operate.
<span>Absorbing markov chains are used in marketing to model the probability that a customer who is contacted by telephone will eventually buy a product. consider a prospective customer who has never been called about purchasing a product.</span>
Answer:
B. Maybe. The FTC would scrutinize the merger and make a case-by-case decision.
Explanation:
If we considered the historical guidelines of FTC for the merger purpose so may be FTC could permit the merger between the two firms that could result in HHI of 1,025 after the merger as the merger represent the moderal level of the concentration in the market area so here FTC should analyzes the merger with cash to cash basis
Therefore the option b is correct
