Answer: Distinctive competence
Explanation: There are certain qualities which usually sets a person, firm or organization apart from the rest of it's competitors such that consumers finds it very difficult to trade it's services for another while it's competitors also find it difficult to match the services it offers. These qualities usually sets the tone for success, increases customer loyalty and gives such firm an edge abive it's rivals. These qualities are usually called distinctive competence, services which are only offered by one or very few firms. In the scenario above, the distinctive competence exhibited by Gadgetbug's is the rare nature of efficient aftersale customer service it provides to it customers which other rivals find very difficult to match.
Answer:
the correct option is c) change in the money wage and other resource prices does not shift the long run aggregate supply
Explanation:
First of all aggregate supply can be defined as the sum total of all the goods and services that are supplied in the economy during a defined period of time.
In the given question the option C is right because it is assumed that in the case of long run aggregate supply , the supply curve tends to remain static because any kind of change in the aggregate demand causes only temporary changes in the total output of the economy and the slope of the curve remains vertical. It is also assumed that the economy is being used at optimal as only factors like labor, capital, and technology can bring in aggregate supply.
Options a) and b) can't be true because if the supply curve is gonna shift , it is first going to shift in short run aggregate supply then long run aggregate supply , not the other way around.
Answer: c. $2.50
Explanation:
Using the Gordon Growth Model;
Price = Next Dividend / (required return - growth rate)
45.50 = (Dividend * (1 + 9%)) / ( 15% - 9%)
45.50 * 6% = 1.09 * Dividend
2.73 = 1.09 * Dividend
Dividend = 2.73/1.09
= $2.50
Its false.
economies of scale is the reason for downward sloping of total cost curve in long run.
diseconomies of scale is the reason for upward sloping of total cost curve in long run because diseconomies of scale increase the total cost