Answer:
d. Need Recognition.
Explanation:
Normally, BC bottling company attaches plastic labels to its bottles. However, a new company is launching a product that requires the use of fabric labels. To use this latest innovation, BC bottling company must now source these fabric labels from another company. This is an example of need recognition. This is the very step in B2B (Business to Business) buying steps. In this step, organization recognize the needs of their buyer which they have to meet and fulfill profitably. Here, the brand new requirement for new labeling has crafted a totally new need for BC bottling company. Need can be recognized and generated either from the internal sources or external sources, here in this case, the need has been recognized internally where organizations has felt that if they go for using fabric labels, it can give them better presentation and packaging for their products.
The potential GDP in the U.S. will be unaffected by the unemployment rate.
What is meant by potential GDP?
An estimation of the value of the output that the economy would have created if labor and capital had been engaged at their maximum sustainable rates—that is, rates consistent with steady growth and stable inflation—is known as potential GDP.
What is the unemployment rate?
The number of persons actively seeking work as a percentage of the labor force is used to calculate the unemployment rate in the United States. In July 2022, the US jobless rate dropped from 3.6% to 3.5%, the lowest level since February 2020, despite analysts' expectations that it would remain steady.
What causes a high unemployment rate?
Numerous factors, including those from the supply side—the worker—and the demand side—the employer—contribute to unemployment. High-interest rates, a worldwide recession, and a financial crisis could all have an impact on demand. Frictional unemployment and structural employment are major contributors on the supply side.
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If firms are producing at a profit-maximizing level of output where the price is less than the average total cost <u>economic</u><u> profits must be zero</u>.
Profit-maximizing is the process of determining the most effective way to maximize earnings, either in the short or long term. It primarily focuses on identifying the price and output level that generates the greatest profit. It is a crucial premise that supported the development of numerous economic theories, including the pricing and production theories.
Profit maximizing is the sole goal of organizations, and conventional theories are built around this idea. It is also viewed as the organization's most rational and fruitful business goal. It aids in determining corporate organization behavior and the impact of various economic conditions.
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Answer:
Barton's Taco Tico
1. The wages paid to the taco makers and other employees are variable costs.
2. The cost of materials are also variable costs.
Explanation:
Variable costs vary in total but remain fixed per unit. For example, the wages paid to the workers have a fixed rate. Therefore, the total will vary, depending on the total hours worked by each worker. Similarly, the costs of materials vary in total, but the price per material may be relatively fixed.
Answer:
AD2 and then to AD3
Explanation:
If the investment is continued to increase by federal reserve it would only be feasible when money creation decreases the interest rate.
The aggregate demand would then be expanded and the aggregate demand curve shifted to the right. The necessary increase in aggregate demand must be such that aggregate shifts in demand curve from AD1 to AD2 to AD3.