Competition will eventually make the price of goods and services to equilibrium price.
Competition will make the sellers lower the price so they can attract consumers, which will be very beneficial for the consumers
hope this helps
If customers can see data about themselves on the business' computer system, it will enable them to make better and more informed decisions.
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How do information systems help businesses?</h3>
Business Information System, eases the process of decision making and simplifies the process of delivering the required information and hence assists in taking better decisions instantly. Business Information System (BIS) can be effectively implemented to help communication better between the employers and the employees.
To know more about business Information systems, refer to:
brainly.com/question/3622510
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The law of demand states that the price and demand have an inverse relationship.
As the price of a product goes up, then fewer people will want to buy the product. For example, Honda sells more cars on average each year than Lexus because more people are able to afford the lower priced Honda. Producers can also use this law to say that as the demand for a product goes up, they will be able to charge more for the product as well.
Answer:
The company should print the 3,000 units of Tennessee as they will yield a gain for 3,000 dollars.
Because it faces economies of scale it should sale for as much as it can from a given pattern
Explanation:
Profit: revenue - variable cost - fixed cost
Profit = 15*Q - 8*Q - 18,000
Profit = 7Q- 18,000
3,000 Tennessee shirts x $7 contribution per shirt - 18,000 setup cost
profit: 21,000 - 18,000 = 3,000
Profit maximization: Marginal revenue = marginal cost
Total Revenue: 15 x Q
dTR' /dQ = 15
dTR''/dQ = 0
cost function: 18,000 + 7Q
dC'/dQ = 7
dC''/dQ = 0
Sport Tee faces a economie of scale their cost do not increase over time. Sport Tee should sale as many shirt as it possible can
Hund's Rule - Hund's rule is related to ground state and how orbitals are filled while Aufbau's rule deals with building electrons up.
