b. The process of social, political, economic, cultural, and technological integration among countries around the world.
What the hell? =.= none of these answeressuit what i need
Answer:
Refer explanation and diagrams
Explanation:
1. The ranching industry exists in the perfectly competitive market where there is ease of entry and exit into and out of the market, as well as many suppliers producing homogeneous products. At an equilibrium of 70 cents per pound, suppliers will be making normal profits, selling at Q1 where the AC, MC and D=AR=MR curves meet (Refer Diagram 1).
2. When feed costs are cut by 27%, it means that the cost of production of these firms will fall. Due to this, the AC curve will shift lower to AC1. At this point, the firms in the ranching industry would be making supernormal profits in the short-run of the area shaded in the diagram (Refer Diagram 2).
3. In the long run, seeing these super normal profits, new firms would be encouraged to enter into the market. The ease of entry nature of perfect competition will result in the supply curve shifting from S to S1. Hence, industry equilibrium quantity moves from Q1 to Q2. This causes a fall in price from 70 cents to Pe. Thus, in the long-run, firms will go back to producing at normal profits once again. (Refer Diagram 3).
Answer:
No. I don't think it is ethical or fair.
No matter the visionary leadership or the dedication of the top management, it is the workers that make it a reality in the business. From all the ground works to carrying out business in the field, employees or the human resource in the most effective resource a company can utilize to reach their expected goals and targets.
because of this , apart from paying them a fair compensation for their efforts, companies must consider about their employees well being even after their retirement and must make fair and necessary contributions towards the retirement contributions of their employees.
Explanation:
Suppose Thelma and Louise both sell tomatoes in a perfectly competitive market. If Louise increases the amount of tomatoes that she sells in the market, the price at which Thelma sells her output is unaffected
Explanation:
Competitive pricing means the selection of strategic price ranges for the best possible benefit in relation to competition of a goods or services in market.
Competitive pricing is mostly used by companies that sell similar items because facilities vary from company to business and the product's attributes are similar.
The reality is that competitive markets also produce quality and price products with lower prices, better quality ,and facilities, and more competition. Well educated customers analyse the products and make their own price-quality transaction.
