Answer:
High prices
Explanation:
High prices are a term that describes the expensive value of products in comparison with other similar products or the raw materials used in the production. However, with the increase in the price of a product, the quantity supplied increases as well. This will result in the following:
1. High profits
2. Attraction to create additional products.
3. Increased revenues
4. More capacity of companies to buy more raw materials
5. Capacity to employ more worker
Hence, the right answer is HIGH PRICES
Answer:
associate's degree
Explanation:
most community colleges offer an associate's ddgree
Answer:
Option (C) is correct.
Explanation:
Nominal GDP:
= (No. of burgers sold × Selling price of each) + (No. of fries sold × Selling price of each)
= (4000 × 3) + (6000 × 1.5)
= 12,000 + 9,000
= $21,000
Real GDP (in 2008 prices)
= (No. of burgers sold × Selling price of each) + (No. of fries sold × Selling price of each)
= (4,000 × $2.50) + (6000 × $2)
= 10,000 + 12,000
= $22,000
GDP deflator:
= (Nominal GDP ÷ Real GDP) × 100
= (21000 ÷ 22000) × 100
= 95.45
Answer:
The market that characterizes the industry in which Forey competes is a market where competition is at its greatest possible level and it is a perfectly competitive market and the reason is because its returns decrease with the entering of new firms, also four-firm concentration ratio and Herfindahl Hirschman index are both quite small, so no one has significant market power to set or even influence the market price. In the short-run Forey Inc’s profit will decrease as more and more new firms enter the market and in the long-run Forey Inc will receive only normal (zero) economic profit.
Most management researchers believe that modern management studies originated in the <u>c. 18th century.</u>
<h3>Origins of modern management </h3>
- Originated with the Industrial Revolution.
- Originated as a means to make production more efficient.
The Industrial Revolution began in the 1700s or the 18th century and so we can conclude that modern management also started in the 18th century as well.
Find out more on<u> modern management</u> at brainly.com/question/4928239.
