The power of court to evaluate actions and decisions made by other agencies of government is C. the power of judicial review. The judicial review was stablished in 1803 to review all actions that happen that go against what the U.S. Constitution says. Anything that is brought to the attention of the Judicial Review has to be reviewed before making a final decision.
Answer:
All : 1st, 2nd, 3rd are False
Explanation:
1. Average total cost is always greater than average variable cost by a constant amount : False.
Average Total Cost (ATC) is the total cost per unit of output. ATC = Average Variable cost (AVC) + Average fixed cost (AFC). Total fixed cost (TFC) is the cost which stays same at all levels, AFC = TFC / Q falls with increasing output. So, ATC is greater by AVC, by AFC (decreasing) amount.
2. In the short run, a perfectly competitive firm always maximises profit when average total cost is at minimum : False
A perfectly competitive firm maximises profit in short run when difference between its Total Revenue & Total cost is maximum, Marginal Revenue = Marginal Cost & MC > MR after the point.
3. If a firm shuts down in the short run, its profits will equal zero : False
A firm shuts down in short run, when its price < average variable cost, or firm's average revenue < average variable cost. This implies that firm must be incurring losses, if it shuts down.
Answer:
E) all of the above
- A. testimonial
- B. the product itself
- C. portfolio
- D. advertisements
Explanation:
Testimonials are statements that support your credibility, reputation or level of expertise.
If you are trying to sell something, it always helps to be able to show the physical product.
You should keep updated your sales portfolio specially with any new deal or promotion offered by the company or different discount prices.
Advertisements always help by making more people know about your product.
Answer:
150 tickets
Explanation:
Writing out needed parameters :
Price per student ticket (price of one student ticket) = PHP 75
The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250
The number of student tickets sold will be:
Total amout earned from sale / cost per ticket
PHP 11250 / PHP 75
= 150 tickets