The definition of money supply which include only items which are directly and immediately usable as medium of exchange is M1. Money supply refers to the entire stock of currency and other liquid assets that are circulating in a particular economy at a particular period of time.
M1 include cash and checking deposits which are very liquid in nature and are suitable as medium of exchange.
So the thing here is that n workers produce n units of output, and so the total product of labor equals the number of workers: q = L
will differ by labor because the extra workers creates one more units of output, = ∆q/∆L= 1
will differ by how much labour was put into it:divide both sides of the production function, = q/L= 1
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Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)
- Cutiepatutie ☺❀❤
Answer:
See the explanation for the answers.
Explanation:
1. "Regulate it" is superior because anti trust makes it open to competition and the firm no longer remains a monopoly.
2. A regulated monopoly lower the price it charges from consumers which benefits the consumers because their consumer surplus increases. A regulated monopoly also offers better quality products.
3. Yes, there are redeeming qualities of monopolies.
Advantages of monopoly-
(a) The profits that the monopolist earns can be invested in R and D.
(b) Monopolies can practice price discrimination which can benefit weaker sections of the society.
(c) Monopolies can invest in latest technology which increases productivity and total output of a country.
(d) The government generates revenue from taxing the monopoly firm.
Answer: Geographic Departmentalization.
Explanation:
The hotel chain groups is making use of geographic departmentalization, to cover a larger area with trusted local managers reporting company's chief executive officer. Geographic departmentalization is a situation where a company groups it's resources (human and other resources) among it's several branches located at various locations and the manager at each branch is to relay report of activities to the company's headquarters.
