Answer:
The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.
Explanation:
Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.
Explanation: The code of ethics establishes parameters that standardize the behavior of people linked to a company. By conducting the assessment every year you ensure that people refresh the code of ethics. You can also offer tutorials that serve to get the message better before the evaluation and if someone fails the evaluation, that person must repeat it until they qualify at this 90%.
Answer:
Check the following calculations.
Explanation:
C(q) = 50+0.20q+0.0800q2
MC(q)=0.20+0.160q
In the long run market will be in equilibrium when P=MC=ATC=LRAC=LRMC
where LRAC=long run average cost curve
LRMC=long run marginal cost curve
ATC=average total cost
noe total cost C(q)= 50+0.20q+0.0800q2
therefore ATC=C(q)/q
= 50/q + 0.20 + 0.0800q
therefore in long run MC=ATC
0.20+0.160q=50/q + 0.20 + 0.0800q
on solving q=25
therefore P=ATC=MC=0.20+0.160q
=0.20+0.16*25
P = 4.20
Answer: a. the benefits of adopting the new technology outweigh the costs of switching.
Explanation: Switching costs are defined as those cost the consumer pays as the result of changing brands or products, but can also be manifested in the form of time and effort spent during the switching process, the risk of disruption of business operations during the period of switching etc. and so therefore, switching costs can be monetary, psychological, effort-based, or time-based.
Companies with difficult-to-master products and low competition often times will use high switching costs to maximize profit by typically employing strategies that incur high switching costs on the consumer. Therefore, consumers will bear the costs of switching if the benefits of adopting the new technology outweigh the costs of switching.
