Answer:
A. a computer programmer who starts her own software Company
Explanation:
Entrepreneurship is the process through which new businesses are started. An entrepreneur is a person who takes risks by committing their time and resources to start a business.
The computer programmer is the entrepreneur in this case. She is starting a new software business. Other than her computer skills, she will need to be creative and innovate to develop products that will appeal to customers. She will take all risks of her new business but also stand to enjoy its success.
Answer:
3,000 physical units in the production
Explanation:
Given that,
Oxford started work on 3,000 units during the period
Units were 70% of the way through manufacturing
Therefore,
Physical units in the production = 3,000 units
Equivalently units of production is as follows:
= 70% of Physical units in the production
= 0.7 × 3,000 units
= 2,100 units
Hence, it would be correct to say that the company has 3,000 physical units in the production.
Answer:
It will purchase 3 cans
total consumer surplus 0.70
Explanation:
the market price is 0.55
It will purchase up to three cans. the fourth can he is willing to purchase at 0.40 but the price is 0.55 so it won't trade for that one.
<u>consumer surplus:</u>
difference between the amounts he was willing to pay for each unit and the market price:
first can 0.95 - 0.55 = 0.40
second can 0.80 - 0.55 = 0.25
third can 0.60 - 0.55 = 0.05
total consumer surplus 0.70
Answer: Planning function of management
Explanation: Planning function of management is concerned with setting the objectives of future performance and to evaluate the need of resources required to achieve those objectives.
In the given case, uber wants to manage their competitive advantage. Therefore the management should plan their policies in such away that company can maintain their traits that are giving them advantage in market over others.
Increasing opportunity cost along a bowed-out production possibilities frontier occurs because <u>of the scarcity of factors of production</u>.
The law of increasing opportunity cost holds that as an economic system moves alongside its manufacturing opportunities curve inside the path of producing extra of a particularly appropriate, the possibility fee of additional devices of that truth will increase.
The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting an extraordinary crop or a trade use of the sources (land and farm gadget). A commuter takes the train to work as opposed to riding.
Opportunity cost is an economic time period that refers back to the cost of what you have to give up that allows you to pick something else. In a nutshell, it is the cost of the street not taken.
Learn more about opportunity cost here: brainly.com/question/1549591
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