Answer:
Ease of entry into the market
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.
I hope my answer helps you
1. Gross income - h. Total income before any deductions are taken
2. Net income - f. Take–home pay
3. Voluntary salary deduction - j. Money you have given
4. Involuntary salary deduction - a. Money taken from your gross pay that you have no control over
5. Fixed expenses - e. Expenditures that are constant from one time period to another
6. Discretionary spending - b. Expenditures that are under your control
7. Fixed income - i. Income that does not vary from one time period to another
8. Principal - d. The initial amount of money that was invested or borrowed
9. Salaried employee - g. Someone who receives a regular salary for employment
10. Insolvent - c. Unable to discharge liabilities or repay debts
Answer:
- c. Any pattern, particularly with audience involvement
- a. Warm, pleasant, and open
Explanation:
As this is a follow-up presentation, it would be best to find out how the participants have fared in relation to the subject since the last presentation. For this reason, the main focus is audience involvement so any patter is fine so long as audience participation is emphasized.
The delivery style that would best work here is a warm, pleasant and open one. This would encourage audience involvement and it can be more easily pulled off because you have good relationships with all the registered participants.
Answer:
a. Who should be assigned to chop vegetables?
b. Who should be assigned to wash dishes?
Explanation:
we need to determine the opportunity cost of each employee:
Rahul's opportunity cost of chopping one pound of vegetables = 100 / 20 = washing 5 dishes per hour.
Rahul's opportunity cost of washing 1 dish per hour = 20 / 100 = 0.2 pounds of chopped vegetables.
Henriette's opportunity cost of chopping one pound of vegetables = 120 / 30 = washing 4 dishes per hour.
Henriette's opportunity cost of washing 1 dish per hour = 30 / 120 = 0.25 pounds of chopped vegetables.
Rahul should wash dishes while Henriette should chop vegetables because their opportunity cost of performing these activities is lower.
Answer:
The average consumption is higher in University A. than in University B
Explanation:
Marginal cost is known as the cost borne when an extra unit of output is being produced. Sunk cost is the cost once incurred cannot be recovered
The marginal cost at university A is $0 because they dont have to pay anything over and above $500. This $500 is the sunk cost for students at university A. The marginal cost at university B is $2 because they can consume only 250 pounds of food making them careful about the quantity of food they eat.
Sunk cost is not considered while making a decision, so the marginal cost of University A is $0 and that in University B is $2.
Therefore, we are concluding that the average consumption is higher in University A.
