Answer:
The average consumption is higher in University A. than in University B
Explanation:
Marginal cost is known as the cost borne when an extra unit of output is being produced. Sunk cost is the cost once incurred cannot be recovered
The marginal cost at university A is $0 because they dont have to pay anything over and above $500. This $500 is the sunk cost for students at university A. The marginal cost at university B is $2 because they can consume only 250 pounds of food making them careful about the quantity of food they eat.
Sunk cost is not considered while making a decision, so the marginal cost of University A is $0 and that in University B is $2.
Therefore, we are concluding that the average consumption is higher in University A.
Answer:
Forces in the task environment have a more immediate and direct effect on managers than forces in the general environment.
Explanation:
A general working environment can be defined as an environment that contains the different lineup global, technological, sociocultural, and political forces that that influence or affect various organizations while a task working environment on the other hand entails various units, set, groupings of forces that has its root(origin) with global suppliers, distributors, customers, and competitors in the business world.
while the general environment has an assemblage of outside(external) hold like the environment, technology, economic conditions, demographics, sociocultural forces, political e.t.c the task environment differs from it because it comprises of the various effort put into place by companies to get or acquire necessary materials, like products for making the shoes, bags or revenue(income ) from sales and their ability and knowledge of how to deliver outputs by exportation of goods and services.
Art Projects
Have you ever made a collage as a group, or painted a wall for a community project. Whenever you do something like that you are given a certain piece to do. This is division. When divided the workload becomes easy and light and when working together side by side, you are learning valuable people skills.
Answer:
Entrepreneurship is the name given to the factor of production which performs the functions of Enterprise. In economics, Land, Labour, Capital, Organisation and Enterprise are the five factors which are thought to be the basis of all the production activities. Entrepreneurship in a broader sense can be considered as a process of action undertaken by an entrepreneur (Person) to establish his enterprise. It is a creative and innovative response to the environment. Entrepreneurship can be described as a creative and innovative response to the environment. Such responses may take place in any field of social endeavour may be business, agriculture, social work and education etc.
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Answer:
C. $1,000
Explanation:
The transaction is believed to have happened in the principal market for the liability or asset. When there is no present market like that, it is believed to happen market that is in more advantage. The market that is more advantage is the market in which the certain reporting entity can utilize the amount they received for selling the asset or minimize the amount paid for transferring the liability, after considering transportation and transaction and costs. The fair value is the price in that market with no adjustment for transaction costs. The entity will be able to receives $925 in only one condition, that is, if the asset is sold in Market X, but only $900 in Market Y. Therefore, Market X is the has more advantage, making the the fair value is $1,000. As our answer