What are possible answers? I’d love to help!!
The answer is marginal costs in both places are the same. This
is because the farmers in both places are profit-maximizers, the value in each flat
is equal to MC or Marginal Cost and subsequently the market of corn is competitive,
the price of corn in both places is the same. Also, marginal costs are higher
in East Icicle than in Corncrib can also be a possible answer. For any given outflow
per acre Corncrib’s corn yield are far better than in East Icicle, at any level
of output, the marginal cost per acre in East Icicle must be higher in
Corncrib, which suggests that in equilibrium the output level of corn in East
Icicle is less than the output level of corn in Corncrib.
Answer:
Builds shareholder value
Explanation:
Diversification refers to the extending of a business by entering into a completely new sector or investing in a business which is entirely different to the scope of the company’s existing product line. Businesses use this method for controlling risk by potential threats experienced during the economic decline.
Diversification is a form of growth strategy. The purpose of diversification is to enable the company to penetrate into lines of business that are different from their current operations.
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Explanation:
The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
