Answer: Option (A) is correct.
Explanation:
Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical firm's average total cost curve.
In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.
The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.
Answer: increase would take place with long run aggregate supply.
Explanation:
The Production Possibilities Curve shows the highest combinations of two goods that can be produced if all resources are utilized efficiently.
Should this curve increase, it would mean that the capacity to produce has increased in the country and they are now able to produce more goods than before.
This would impact the long run aggregate supply curve by shifting it to the right to show that more goods can now be produced in the economy than before.
Answer: e. Reference group
Explanation:
Natasha's friend's are acting as a reference group where she uses their advise (knowledge) to consider her new business.
Costco now needs to effectively manage the sale of this returned item. Reverse logistics is an example of managing this return.
<h3><u>Reverse logistics: What are they?</u></h3>
Supply chain management that moves goods back from buyers to sellers or manufacturers is known as reverse logistics. Reverse logistics are needed for procedures like returns or recycling after a customer receives a product.
Reverse logistics begin at the customer and work their way back through the supply chain to the manufacturer or the distributor. Reverse logistics can also refer to procedures where the customer is in charge of the product's final disposal, such as recycling, refurbishing, or resale.
Recovering value and encouraging customer repurchase are the goals of reverse logistics. At least 30% of items ordered online are returned, compared to less than 10% of in-store purchases.
Learn more about reverse logistics with the help of the given link:
brainly.com/question/15888400
#SPJ4
Answer:
Equilibrium quantity is 1500
Explanation:
The equilibrium quantity is achieved at a point where the quantity demanded equals quantity supplied.
Qd=Qs
Qd=1,600 – 50P
Qs== 1,200 + 150P
1,600 – 50P=1,200 + 150P
We need to collect like terms
1600-1200=150P+50P
400=200P
P=400/200
P=2
We need substitute 2 for P in any of Qd or Qs
Qs=1200+(150*2)=1500