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maria [59]
3 years ago
8

Kathy, Sue, and Christina own a bakery. Each day all three women spend hours baking cakes, decorating cakes, and packaging cakes

. Which economic concept would help them become more efficient?
A: Scarcity
B: Productivity
c: Specialization
D: interdependence
Business
1 answer:
Andreyy893 years ago
6 0
I believe the correct answer is C. specialization.
If they divide their work between themselves, it will be easier for them to get the job done more quickly. If Kathy specializes in baking, Sue in decorating, and Christina in packing, instead of doing all of these together, they won't spend as much time working.
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A new competitor enters the industry and competes with a second​ firm, which had been a monopolist. the second firm finds that a
olganol [36]
The second firm finds that though demand is not perfectly elastic, it is now comparatively more elastic. The second firm marginal revenue will be more elastic and its profit maximizing price will be lower. A monopolist probably also considers in policies that indulgence monopolies since it gives them greater power. A monopolist has slight incentive to progress their product because customers have no replacements. Instead, the motivation is dedicated on defending the monopoly.
3 0
3 years ago
According to Krugman, which of the following best indicates the dangers of a strategic trade policy?
Gwar [14]

Answer:

C.Occurrence of a trade war

Explanation:

Strategic Trade Policy depicts policy adopted by certain countries to effect strategic interactions between firms in an international oligopoly. These include policy instruments (export subsidy, import tariff) by trying to shift profits from international to domestic firms.It is likely to develop their firms status in international markets & raise level of domestic welfare.

Many economists are skeptical about government's analytical capacity to determine optimal amount of intervention, as per theory application. If non optimal (over protection intervention) is used, it might lead to risk retaliation by other international firms & action reaction leads to occurrence of trade (commercial) war.

8 0
3 years ago
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer?a. Net listingb. Ex
natita [175]

Answer:

b. Exclusive right to sell

Explanation:

-Net listing is when the agent is able to keep the difference when a property is sold for more than the asking price.

-Exclusive right to sell is when the seller gives the agent the right to market the property and accepts to pay the comission to the agent if the property is sold during the period of the listing.

-Open listing is when a property has different agents and the one that gets the buyer receives the comission.

-Exclusive agency is when the seller gives an agent the right to market a property but the seller is able to sell the property to a buyer that was not found by the agent and in that case, the seller doesn't have to pay the comission to the agent.

According to this, the answer is that the type of agreement that assures that a broker will receive compensation regardless of who procures the buyer is exclusive right to sell because the agent is granted the right to sell the property and the seller agrees to pay the comission if the property is sold during the time of the listing last and it doesn't matter who finds the buyer.

7 0
3 years ago
What are the time durations for capacity planning, and which one provides the greatest value for strategic capacity planning?
Afina-wow [57]

Answer:

Short term, medium term and long term.

Explanation:

There are three time frames or durations for capacity planning. And these are short term, medium term and long term.

It should be understood that when the management of a company is considering the time frame or duration that will provide greatest value for strategic capacity planning, long term should be the one to be considered, because it is the best for the planning. Because it is the key determinant of the competitiveness of the organization.

7 0
3 years ago
Wallace Motors measures and evaluates the quality of its cars and services against the market leaders in the automobile industry
Mkey [24]

Answer:

Benchmarking

Explanation:

Benchmarking is defined as the activity where a company's processes and performance is compared with industry best practices. Qualities measured usually include time, cost, and quality.

In the given scenario Wallace Motors measures and evaluates the quality of its cars and services against the market leaders in the automobile industry. This the use of be marching.

When the companies metrics don't meet up, the company adopts the practices of the benchmark or later in your dreams

7 0
3 years ago
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