Answer:
The cattle industry began in the far west and furnished the great plain areas with livestock. The cattle industry progressively lost its relevance because of the excessive westward expansion, resulting in competition for the industry. There was too much cattle, but not enough food and land to sustain such great populations of livestock.
Answer:TRUE
Explanation: Competitive advantage is a term used in business or economics to refer to Opportunity gained by a business organization over others either through REDUCED PRICE,BETTER QUALITY OF PRODUCT OR SERVICE,THROUGH ECONOMIES OF SCALE, THROUGH INNOVATION etc an organization with a good Competitive advantage will generate more Revenue compared to others. Competitive advantage helps to make an organization better than others.
The first would would be $5,500 and then the last space would be $5,250
Answer:
32.03%
Explanation:
Data provided as per the question
Net operating income = $42,930
Average operating assets = $134,000
The computation of return on investment (ROI) is shown below:-
Return on investment =net operating income ÷ average operating assets
$42,930 ÷ $134,000
= 32.03%
Therefore for computing the return on investment we simply divide average operating assets by net operating income.
Answer: a. always declines with increased levels of output.
Explanation: the average fixed cost curve graphically illustrates or shows the relation between average fixed cost a firm incurs in the short-run production of a good or service, and the quantity produced. The average fixed cost curve always declines with increases in the level of output resulting in a negatively sloped curve. This is to say that the average fixed cost is relatively high at smaller quantities of output, which then declines as the level of production increases--the more output increases, the more average fixed cost declines. Why this occurs is that a given fixed cost is spread over an increasingly larger quantity of output and as such, firms can profitably charge a lower price with increased output.
