<span>The GDP per capita calculates what theoretically would be the </span><span>share of every individual in the country if the GDP was destributed equally. The economy of course is very different in reality where everyone ends up with a different portion depending on a lot of other factors.
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Answer:
OLIGOPOLY
Explanation:
If Reality, Inc. is a major producer of reality television shows and the company faces fierce competition from three other major producers of similar shows. If together, Reality, Inc. and its three rivals control almost all of reality television. Their market environment is called Oligopoly
Oligopoly can be defined as a market environment or structure where a small number of firms control the market; none of which can keep the others from having significant market share or influence.
It can also be said that Oligopoly is a collusion of a small number of firms, either explicitly or tacitly, to fix prices or control quantity supplied, in order to achieve above normal market returns.
Answer:
The labor rate variance for the month = $1890
Explanation:
Given values:
Standard labor hour per unit = 3.3 hours
Standard labor rate = $16.15 per hour
Actual hours worked = 6,300
Actual total labor cost = $103,635
Actual output = 2,000 units
Now, we calculate the labor rate variance with the help of given information. Below is the calculation of Labor rate variance.
Labor rate variance = ( Actual labor cost) – (Standard rate × Actual hours)
= 103635 – (16.15 × 6,300)
= $1890
Answer:
B. increasing returns initially and eventually diminishing returns.
Explanation:
Average variable cost initially, is high and tends to reduce with increasing number of units and on the long run then it ultimately tends to decrease.
Initially the returns are high on per unit, after that the company's return per unit decreases and the cost per unit in terms of variable cost also increases.
Average variable cost is less in the curve in the short middle term, then it tends to rise, as because variable cost starts increasing.
The company shall wisely choose to stop the production when the variable cost is increasing with a higher percentage than the decreasing revenue.
The appropriate response is a direct channel. A direct channel of circulation depicts a circumstance in which the maker offers an item straightforwardly to a customer without the assistance of middle people. A direct channel of dispersion is the most limited and least complex type of circulation channel; it has turned out to be progressively regular since the coming of the Internet.
