Answer:
The correct answer is letter "D": national competitive advantage.
Explanation:
American Professor Michael Porter (born in 1947) proposed the National Competitive Advantage Theory to give an idea of why some countries achieve success in determined industries compared to others. The theory, in other words, aims to explain nations' competitive advantage and the path to reach it.
Also known as Porter's Diamond Model, the factors Porter based his concept on are <em>firm strategies, structure and rivalry; related industries; demand conditions; </em>and<em>, factor conditions.</em>
They are both correct in this scenario. There are many ways that the oil can be distributed depending on how the company delivers the oil and systems. Engines are built differently depending on the specific needs, vehicles, operating systems.
It is important to know your strengths and weaknesses because it gives you the ability to know how to properly handle situations. Due to the fact that you are aware of your strengths and weaknesses you know what you’re capable of in and out of the work environment or school. I definitely believe individuals have more strengths than weaknesses. Everybody has a specific skill set, meaning they have things that they know how to do very well. To improve one’s weaknesses one could pinpoint just one thing they are struggling with and continue to work at it. For example, if one weakness is not being the most successful in math, one could put in an extra thirty minutes to an hour working on math problems. Or maybe even get a tutor. Your strengths can be helpful in school or when getting a job because it allows you to be successful at certain things. For example, if one of you’re strengths is that you’re great at communicating, you could get a customer service job easier than someone who is not strong in that area.
Answer:
c. $0.70.
Explanation:
The consumer surplus is determined by subtracting Equilibrium price from willing price
Here there are 3 willing prices which are greater than Equilibrium price. The price to buy the forth can is $0.40 which is below the equilibrium price of $0.55, so he will not buy the forth can.
Willing price for first can (W1) = $0.95
Willing price for second can (W2) = $0.80
Willing price for third can (W3) = $0.60
The Equilibrium price (E) is $0.55
Consumer Surplus = (W1 - E) + (W2 - E) + (W3 - E)
Consumer Surplus = ($0.95 - $0.55) + ($0.80 - $0.55) + ($0.60 - $0.55)
Consumer Surplus = $0.40 + $0.25 + $0.05
Consumer Surplus = $0.70.
Answer:
total cost = 12,000
Explanation:
From the formula of accounting profit, we can solve for total cost:
Accounting profit = total revenue - totoal cost
Firm X
produce 1,000 units and sell them at $15 each
total revenue: 1,000 units x $15 = 15,000
It has an accounting profit for 3,000
We plug this values into the formula of accounting profit
Accounting profit = total revenue - totoal cost
3,000 = 15,000 - total cost
15,000 - 3,000 = total cost
total cost = 12,000
