Answer:
Opportunity cost
Explanation:
The opportunity cost Bob's brother Joe $20,000. Remember, the term Opportunity cost refers to the cost (loss in this context) incurred when one forgoes an alternative best option–holding them in a brokerage account, in place for a less beneficial one.
Thus, Bob chose the best alternative over his brother.
Answer:
The correct answer is the option C: an agreement among firms to charge the same price or otherwise not to compete.
Explanation:
To begin with, the name of <em>"collusion" </em>refers to an economy concept that focus on the situation where two or more companies decide to work together ilegally by taking a same strategy such as pricing the goods with a same amount so in that order the limit or at least intent to restrict the competion so in that way those firms can keep a piece of the market for themselves. It is consider ilegally in the countries because it is an disadvantage for the competition.
Answer:
Type A
Explanation:
William Ouchi developed the Japanese management Theory Z which served as a reference for understanding the great economic boom in Asian countries.
Type A organizations focus on individual performance and accountability, they generally rely on short term evaluation periods and rapid promotions of high achievers and encourages personal efficiency.
Jose needs to implement and evaluate the training program chosen i<span>n the fourth and final step.
</span>Decision making<span> is the process of </span>making<span> choices by identifying a </span>decision. The process has 7 steps.
The first step is to identify the decision, the second to gather relevant information, the third to identify the alternatives. the fourth to weigh the evidence, the fifth to choose among alternatives, the sixt to take action and the last, to r<span>eview the decision.</span>
Answer:
True
Explanation:
Profit function would be maximised.
Profit = Revenue - Cost
Let units of both goods be = A ,B
Revenue per unit good A = 100
Revenue per unit good B = 90
Variable Cost per unit good A = 30
Variable Cost per unit good B = 25
Profit Function = (100 - 30)A + (90 - 35)B
= 60A + 65B
{The function is right without including 'average fixed cost' part of 'total cost' in the function because : average fixed cost is a constant & constant figure doesn't effect optimisation (via differentiation , ∵ d (c) = 0)
