Answer:
Case 1:
When, Labor = 6 ;
Output = 90
Fixed Cost = $6
Variable cost per unit of labor = $10
∴ Total Variable Cost = $10 × 6 = $60
Total cost = Fixed Cost + Total Variable Cost
= $60 + $6
= $66
Case 2:
When, Labor = 7 ;
Let us assume the total output be 'x' , when firm hires 7 workers.
Marginal product( ) of the seventh unit of labor = 4
i.e. = = 4
= 4
= 4
x = 94
Fixed Cost will remain the same , i.e. $6
Variable cost per unit of labor = $10
∴ Total Variable Cost = $10 × 7 = $70
Total cost = Fixed Cost + Total Variable Cost
= $70 + $6
= $76
Answer:
Opinion Leader
Explanation:
Based on the information provided within the question it seems that Joe can be called an Opinion Leader. This is a type of leadership in which an individual who has an increased knowledge in a certain area provides his opinion to those who do not. Which is what Joe is providing to the people who ask for his expertise on computer hardware and accessories.
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<span>Economic advisors (Although economic advisors may read financial statements, they more often are focused on macro economic conditions of the local economy and the greater region)
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Answer:
The correct answer is d. Free enterprise.
Explanation:
Henry Robinson Luce was known as an American publisher and journalist. They gave him the name of "the most influential private citizen in the America of his day". This magnate published what is called “The American Century.” “The American Century” also showed “the vision of America as the dynamic leader of world trade,” and this guy Henry Luce could not have fathomed any economic basis for national leadership besides “free enterprise.”
Answer: Co-branding
Explanation: The makers of Breyers ice cream entered into Co-branding agreement with the makers of: Oreo cookies, Snickers candy bars, and Reese's peanut butter cups.
Co-branding is a business strategy where several brands unite to form a single product, hence the successful sale of the new product means profit for all brands involved in the agreement.