According to analyzes by the Bureau of Labor Statistics, there will be expansion of complex goods and services, which require greater education in their production and marketing. Thus, these services tend to cater to those people who have the resources to pay for it. This means that the rapid expansion of services expected over the next five years will focus on the richest. Healthcare, education and leisure firms will tend to produce more personalized services to increase their profitability. This is basically the market logic of the economy.
The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be available.
The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.
For example, if the price of coffee rises, the quantity demanded for tea which is the best substitute of coffee beverage will increase as consumers will switch to a less expensive but the substitutable alternative.
This is reflected in the cross elasticity of the demand formula, as both the numerator which is the percentage change in the demand of tea and denominator which is the price of coffee shows a positive increase.
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Corporation often sells shares periodically. The type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts is known as Public Corporation.
- The Public corporation is known to usually sells millions of shares of stock to many stockholders.
This is known to be a type of corporation make its financial information known to the general public and can be called an open corporation.
A public corporation is known as a corporation that is often owned and run by a government, set up for the administration of some specific public programs.
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Answer:
Taste Freeze should Shut down production so that AVC will decrease.
Explanation:
Taste Freeze should Shut down and produce zero sandwiches because price is less than AVC.
Therefore, Taste Freeze should Shut down production so that AVC will decrease.
I believe the answer is Medusa Stage.
Medusa is <span> form of cnidarian which body is very similar to an umbrella and they are able to free swimming around the environment unlike the other type and hey also tend to have tentacles to catch their preys. One example of this is Jellyfishes.</span>
