Answer: C.) Horizontal sum of all the individual firm's supply curve
Explanation: A perfectly competitive market, is that in which sellers or suppliers of a certain product are numerous such that a slight increase in price, and demand could fall to 0. Here, an individual seller has no control over the price of commodities. The supply curve tells how much quantity will be produced at different prices. Therefore the market supply curve is determined by all individual sellers individual price in other to determine the overall quantity to be produced at varying market price. Prices are drawn horizontally from the y-axis to determine quantity produced at different prices for each indivudual seller which is summed to generate the market supply curve.
Answer:
102.99 hours needed
Explanation:
Zu = K (U^n)
Zu= estimation of tower which is for 8
U= number of tower which is 8
n= log0.94/log2
Answer:
Leadership is the action of leading people in an organization towards achieving goals. Leaders do this by influencing employee behaviors in several ways. A leader sets a clear vision for the organization, motivates employees, guides employees through the work process and builds morale.
Explanation:
Answer:
The formula for each month is described below:
January +(B2*31*C2)+(B2*$A$12)
February +(B2*29*C2)+(B2*$A$12)
March +(B2*31*C2)+(B2*$A$12)
April +(B4*30*C4)+(B4*$A$12)
May +(B3*31*C3)+(B3*$A$12)
Explanation:
The formula matches the requirements for each individual month as number of days change accordingly and $A$12 determines the fixed transport cost the other variables are the number of boxes and the cost per box.
Answer:
0.794
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 3300 - 3000 = 300
average of both demands = (3300 + 3000 ) / 2 = 3150
300/3150 = 0.095238 = 9.5238%
Cross price elasticity = 9.5238% / 12% = 0.794
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
