Answer:
c
Explanation:
when Offering the business more efficient ways to make and encourage the business can develop
Answer: Option A
Explanation: The basic organisational structure and several different characteristics prevailing in a business environment together constitutes a market structure. In an oligopolistic there are very few large firms which dominate the market, for example - auto industry.
As firms in the oligopolistic market are very high this results in high concentration in the market. Each firm in this market structure operates in so large scale that actions of one affects the operations of others.
Usually the capital need in such industries is too large making it difficult to entry also the need for several licenses acts as barriers to entry but there is no such thing like NO ENTRY in such industries.
Answer:
supply curve to the right.
Explanation:
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.
On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.
Answer:
The correct option is (b)
Explanation:
Aggregate supply curve is upward sloping as output increase with the increase in price. In the short run, wage rate is fixed. As such, in the short run, firms can hire more workers at fixed wage rate. An increase in price indicates more profits, thereby increasing output.
This is the reason for upward sloping AS curve.
Answer:
Depreciation for the first year is $10,000
Explanation:
Unit production method is the depreciation method which is based on the output per year of the asset. The asset is depreciated by the ratio of the output for the year to the output expected over whole useful life.
Cost of printer = $60,000
Expected output = 12,000 prints
Prints in the first year = 2,000
Depreciation for the year = Total cost x output for the year / expected output over useful life
Depreciation for the first year = $60,000 x 2,000 / 12,000
Depreciation for the first year = $60,000 x 1/6
Depreciation for the first year = $10,000
