<u>Explanation:</u>
The market price has control over the supply of the coffee shops. There are various factors which control the market prices they can be input prices, cost of production and technology used in production. Coffee is an agricultural commodity and it is one of the largest selling commodity all over the world.
Coffee has become an essential goods over the years so the demand for coffee is always constant and the consumption also increases annually. It takes 4 to 5 years to harvest a coffee bean. With latest technology the storage facility is improved. When the price decreases the demand increases which also increases the supply. So any hitch in these factors might affect the supply of coffee to coffee shops.
Answer:
Promissory estoppel is the legal principle that a promise is enforceable by law
Explanation:
Answer:
C. I and II are both true.
Explanation:
Statement 1 states that if there is only one variable factor let us assume that is labor, accordingly it changes in total when there is change in output level, but that the change in per unit cost is NIL in variable terms and marginal terms.
Thus, this will result in constant marginal cost.
Statement 2 states that with all things similar to statement 1 the short run average total cost shall not increase, this is also correct as since the marginal product is constant, the average cost tends to decrease and cannot rise in any manner, even with the increase in output until the marginal cost increases.
Answer:
productivity
Explanation:
The "productivity" of employees in a company is essential because it affects the company's profit. In order to measure or calculate the individual employee's productivity, you have to consider the hours of labor and the number of workers.
- You have to divide the <em>total output </em>to the <em>hours of labor</em> in order to get <u><em>the amount that your company is generating per hour of work.</em></u>
- You have to divide the <em>total output</em> to the <em>number of workers</em> in order to get the the<u><em> amount that every employee produced for your company per week.</em></u>