Answer:
The correct answer is A. It is true that competition is good for customers because it gives them more options.
Explanation:
In economics, competition refers to the pursuit of a goal by at least two economic subjects, with the higher degree of goal achievement of one actor causing a lower degree of goal achievement by the other.
Competition requires at least one actor with an inferior degree of target achievement and thus works against certain social principles such as equality, as it requires a privileged position of those who have achieved the higher degree of target achievement.
As for consumers, the bidding between companies through competition is beneficial. This is because, to capture the largest proportion of the market, companies make different offers, promotions and other proposals that imply benefits for consumers, who can choose the best proposal that best suits their economic possibilities and their tastes.
Answer:
Utility overvalued
Explanation:
According to economists, such people over value the utility they are meant to get in the future. They only want to get the entire satisfaction at a go because of the fear of not getting that food again in the nearest future.
Answer:
c. 97.558%
Explanation:
Options are <em>"A. 50.0.% B. 2.442% C. 97.558% D.197.0% E. 47,442%"</em>
Mean = μ = 1447
Standard deviation = σ = 715
Observed value = X = 2855
Using z-score formula, Z = (X - μ) / σ
Z = (2855 - 1447) / 715
Z = 1.97
P(Z<1.97) = 0.97558
P(Z<1.97) = 97.558%
So, the probability of a stock-out is 97.558%.
Explanation:
INNOVATION: When workers are set specific tasks, that is their pure focus. So it becomes easier to see pitfalls in the existing process. Doing the same task each day makes it easier to analyse areas for improvement. It takes up more of the brains processing power, so it is at the forefront of a workers mind.
HIGHER WAGES: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.
CHEAPER PRODUCTS: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.
PRODUCTIVITY: When workers focus solely on a specific task, they can master it quicker and more efficiently. In turn, workers become more productive.
EFFICIENT MASTERY: Without the division of labor, mastery of a skill takes much longer. This is because a workers attention is spread across many areas.
For instance, it would be difficult to master a language if you are also trying to learn the piano, engineering, CSS, and economics. So, the division of labor allows the worker to focus and master a specific part of the process, which helps them learn it faster.
Answer:
The solution is shown in the table of the file attached herewith
Explanation:
