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Brut [27]
3 years ago
6

The theory that quantity supplied and price are positively related, other things constant, is referred to as the law of: opportu

nity cost profit maximization demand supply
Business
1 answer:
vova2212 [387]3 years ago
7 0
The theory that quantity supplied and price are positively related, other things constant is referred to as the law of supply. The law of supply states that when there is an increase in the prices of goods and services there is also an increase in the supply of such goods and services.
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Give an example of each of the manufacturing processes: Continuous Flow, Production Line, Batch, Job Shop and Fixed Position Lay
LenKa [72]

Answer:

Continuous Flow: Oil refining.  Chemicals.  Synthetic fibers.  Fertilizers.Pulp and paper. Blast furnace (iron) .Metal smelting. Power stations.

Batch Production :  Baked goods.  Clothing. Computer chips. Computer software.  Die- or mold-making. Electrical goods. Flat-pack furniture. Jet engine production.

Job shop  tool shop, a factory machining center, paint shops, a French restaurant, a commercial printing shop, and other manufacturers .

Fixed-position layout  construction (e.g., buildings, dams, and electric or nuclear power plants), shipbuilding, aircraft, aerospace, farming, drilling for oil, home repair, and automated car washes

Product Line  operations along the production line could include assembly, painting, drying, testing,

Explanation:

Continuous production is a flow production method used to manufacture, produce, or process materials without interruption.

Batch manufacturing is a style of manufacturing which compiles the different components of a product through step by step processes.  

A job shop is a type of manufacturing process structure where small batches of a variety of custom products are made.

In a fixed position layout, personnel, supplies, and equipment are brought to the site where the product will be assembled, rather than the product being moved through an assembly line or set of assembly stations

Product line. The item may move along some kind of conveyor, or be moved manually by staff or forklift.

4 0
3 years ago
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t
gizmo_the_mogwai [7]

Answer:  Megabus being a late mover in the US, has allowed the company to learn from past mistakes by companies such as Greyhound, who filed for bankruptcy in the mid 90's and who lost most of it's business due to poorly maintained terminals, high prices for fares and unsafe conditions. Mega bus's advantages include fares as lows as 1 dollar, free wi-fi, stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase Windows for tickets, selling tickets online only and by eliminating expensive terminal operations by dropping off and picking up riders at sidewalk stops like public bus operators. There are few disadvantages besides the fact that rising gas prices affect travel and low fare prices affect revenue if quantity is not met   .

Advantages - 1. Affordable  2. Pretty scenery 3.You get what you paid for

Disadvantages-1. Uncomfortable 2. It’s Either Freezing or Sweltering  3. Odd People

2. Yes it has own Overwhelming resources and capabilities  3. Train

Explanation:

4 0
3 years ago
Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a
irga5000 [103]

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

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3 years ago
When Ned’s car breaks down, he asks Insta-Tow, Inc., to tow it to Jerry’s Repair Shop. There is no discussion of a price, and Ne
Illusion [34]

Answer:

The correct answer is b. an implied contract.

Explanation:

The theory of implicit contracts refers to the fact that the relationship between employers and workers is governed, in addition to the "explicit" legal contracts signed between the two, by a multitude of tacit commitments established during the understanding between the two parties. Implied contracts are unwritten agreements and informal rules that companies have with their workers, and that, in many cases, are justified in the commitment to wage stability. In this theory, companies set wages within a broad and long-term strategy or stability of the employment relationship.

7 0
3 years ago
Bummerland finds itself in a recession caused, as assumed in class, a sticky nominal (money) wage (W) which is too high to clear
puteri [66]

Answer:

is this a book if so send me a link

Explanation:

8 0
3 years ago
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