Answer:
The correct answer is option d.
Explanation:
A pure monopoly is a type of market structure where there is only a single firm in the market which is producing a good with no close substitutes. Such a market also has high barriers to entry.
A pure monopolist can have economic profits in the long run because of barriers to entry.
In the short run, all types of market structures can have positive profits because the short run is too short for new firms to enter.
But in the long run, if there is no or relatively low barrier to entry, positive profit will attract other firms to join the market. This will reduce profits to zero.
But the firms cannot enter into a pure monopoly market, so the monopolist can earn positive economic profits in the long run.
Answer:
False
Explanation:
Usually employer don't consider wages or fixation of salaries in ethical perspective. More often wages and salaries are associated with the education, experience, skills etc of the employees. Employees with higher qualification, most relevant job experience, updated jobs skills etc have the right for promotion and can claim higher salaries from the organization. In fact, employer should consider minimum wage rate, market competitive salaries in order to ensure fulfillment of their basic needs.
Ethically, the organization should not make profit by cutting down the wages of the labors.
The answer is D. a debit to accounts payable and a credit to notes payable. This is because Cory issued a note to his creditor as a promise that he will pay the creditor. With this, he will be gaining a Notes Payable, or a promissory note stating that he will pay, and will be losing an Accounts Payable. So according to the rules of accounting, if a liability is debited, then it will be lessened from the books of the business. If a liability is credited, however, then it will be added to the records of the business.
Answer:
Since Westwood's workers are not government workers, nor railroad or airline workers, nor farmers or domestic workers, they are allowed to strike by the National Labor Relations Act of 1935.
Unions are allowed to call media outlets, and they always do in order o increase public pressure against the company.
Massed picketing (forming barriers and not allowing workers to enter a factory) and sit down strikes are not legal, they are forbidden by the National Labor Relations Act.
When you make a decision means that you take an action course and leave othe free. You take advantage of some oportunities but "lose" other oportunities. Those opportunities that you let go are the opportunity cost in which you incurr any time that you choose. Your economical analysis (and probably in all life dimensions) must include the opportunity costs to make a decision that leaves you better than you would be if you had taken a different decision, this is your expected benefit should overcome the opportunity cost.
