Answer:
the resources used to create output.
Explanation:
Factors of production are the resources used to create output.
They include :
Land : land is all natural resources used in the production process.
Capital - Capital includes all man made resources used in the production process
Labor : all human effort expended in the production process
Entrepreneurship : organizes all other factors of production
Meperidine has hypnotic and analgesic effects following intravenous dose, and the analgesic effects can extend for up to 4 hours.
A painkiller with a prescription is meperidine hydrochloride. It is an opioid, a class of drug. When a patient consumes more meperidine hydrochloride than is usual or advised, an overdose results.
Meperidine usage and addiction present a danger that can result in overdose and death. Additionally, meperidine may result in serious, perhaps fatal, breathing issues. Your doctor should prescribe the least effective dose of meperidine for the shortest amount of time to reduce your risk.
Learn more about Meperidine here:
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Answer:
-2.5
Explanation:
Elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 800 - 1,000 ) / [ ( 800 + 1,000 )/2 ]
Change in Quantity = -200 / 900
Change in Quantity = -0.2222222
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $35 - $32 ) / [ ( $35 + $32 )/2 ]
Change in price = $3 / $33.5
Change in price = 0.090
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = -0.2222222 / 0.090 = -2.5
Elasticity of Supply = 0.597 = 0.60
Answer:
B. Firm A engaged in predatory pricing.
Explanation:
Since Firm A and B are the only two companies that sell this good
Firm A decided to price its subscriptions below average variable cost that is it lowered it's prices which made Firm B to also lower it's own, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.
Based on this, Firm A engaged in predatory pricing.
Predatory pricing is a marketing or pricing strategy that has to do with lowering the cost of goods and services for a short-term, in order to make competitors lower their price, making them to go bankrupt in the process and thereby exiting the market.
