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Anettt [7]
2 years ago
15

Assume a perfectly competitive industry making peanuts is in long-run equilibrium. The price per pound of peanuts is $2. Next, a

ssume that the demand for peanuts increases in the short run, and the price rises to $4 per pound. If this is a constant cost industry, what price per pound should we expect in the long-run
Business
1 answer:
rjkz [21]2 years ago
4 0

Answer:

The price of the item in long run equilibrium will be the same i.e $ 2 per unit

Explanation:

Given

The equilibrium price in the long run = $ 2 per unit

The price of the item in long run equilibrium will be the same i.e $ 2 per unit

The increase of price in short run will not have much impact on the Average variable cost and hence in long run the price will remain constant.

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You talk to Kenji, the Japanese manager of the Swedish plant. He says the workers are uncooperative and do not carry out the ins
Oliga [24]

Answer:

Explanation: Cultural differences can affect the workplace and how employees cooperate. In a business it is crucial to determine employers and employees' cultural differences to decipher how these differences can be incorporated into the work place so that everyone can operate cohesively.

So it is important to take the best choice and investigate this situation further. Before forming an opinion, make sure you have viewed everyone's perspective. Try and figure out why the workers are disobeying Kenji's orders, but also determine why Kenji has such a dominating and unreadable personality.

It is important to note that Sweden is a low - context culture. This means that Swedish people communicate information in explicit and direct ways. Facial expressions, gesture and other forms of non verbal communication aren't heavily used or taken into consideration when communicating, and people often communicate verbally only, to get taken their points across. Japan however is a high context culture and relies on non - verbal cues such as traditions and context to communicate information.

Because of the different cultural contrasts Kenji should consider providing more clearer, more verbal (and less ambiguous) instructions to his employees so that communication is better understood by all the parties involved.

4 0
3 years ago
Explain the most well-known service provided by insurance companies. *
earnstyle [38]

Answer:

Car insurance

Explanation:

Everybody drives a car.

6 0
2 years ago
Indicate the missing amount for each letter.
ExtremeBDS [4]

Answer:

Follows are the solution to this question:

Explanation:

                                                       Case 1

                                      Production cost of goods

Work is under way, start                                                            1510

Material direct                                     9780

Labor Direct                                        5950

Overhead production                        8870

Total cost of production                                           24600  

Total work costs under way                                     26110

Less: Finishing job in phase                                       8140

Generated cost of goods                                          17970

7 0
2 years ago
By how much did the pace of tuition hikes exceed the 2013 average rate of inflation?
Talja [164]
<span>The pace of tuition hikes exceeded the 2013 average rate of inflation by two and 9/10 (2.9) percent. This was a smaller jump than pace of tuition hikes over the average rate of inflation 2012, which was four and one-half (4.5) percent.</span>
4 0
3 years ago
PLZZZZZZ NEED HELP!!!!!!!!
Naya [18.7K]

Third option I would say goodluck

5 0
2 years ago
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