If a corporation is working on the factor of tangency among an isoquant and an iso-cost line, its manufacturing is: each technically and economically efficient.
The required details for isoquant in given paragraph
Since the corporation is on an isoquant, it can not produce the identical quantity of output with fewer inputs, and so it's miles technically efficient. Since any motion alongside the isoquant will growth expenses with out converting output, the corporation is likewise economically efficient. An isoquant curve is a concave-fashioned line on a graph, used within side the have a look at of micro economics, that charts all of the factors, or inputs, that produce a unique stage of output. This graph is used as a metric for the have an impact on that the inputs—maximum commonly, capital and hard work—have at the available stage of output or manufacturing. The isoquant curve assists corporations and corporations in making changes to inputs to maximize manufacturing, and for that reason profits.
Most typically, an isoquant suggests combos of capital and hard work, and the technological tradeoff among the two—how a whole lot capital might be required to update a unit of hard work at a sure manufacturing factor to generate the identical output.
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Answer:
Market skimming
Explanation:
Market skimming is pricing strategy of organizations under which a product is priced higher when it is introduced to make maximum profit and after the product seeps in to the market, then price is reduced.
This pricing strategy is adopted by organizations that introduce an innovative product in the market that has the potential to be priced higher.
Apple followed this strategy as it introduced first iPod which was new to the market at considerably higher price of $500. This was possible as there were no competitors. Afterwards, it reduced the price of next version as then many competitors entered the market.
Answer:
c) scarcity
Explanation:
Scarcity is a state in which resources are relatively less then the requirement, and thus an individual aims to best utilize those limited resources.
In the given instance,
There is a large group of stranded passengers, who are standing next to a disabled bus, seats available are only three.
Since there is limited number of seats with relatively high demand the problem here is of about an issue relating to
c) scarcity
Answer:
$1,017.33
Explanation:
For computing the bond price we have to use the PV function that is shown in the attached spreadsheet which is presented below:
Given that,
Future value or face value = $1,000
Market Rate of interest = 6%
NPER = 4 years
PMT = $1,000 × 6.5% = $65
The formula is shown below:
= PV(Rate,NPER,PMT,FV,type)
So, after solving this, the answer would be $1,017.33
