ZIP Codes are not considered in determining filing order. If two names are identical, the state name in the address is considered next for indexing. The first indexing unit of local or regional government names is the name of the department. The first level of federal government names is United States Government.
The answer is the distinctive name of the department.
Answer: Marketopia has a comparative advantage in the production of pies.
Explanation:
The bakery with the comparative advantage in any of the goods is the one that has a lower opportunity cost in making it.
Marketopia.
Opportunity cost of Cookies = 18/30 pies = 0.6 pies
Opportunity cost of pies = 30/18 pies = 1.67 cookies
Econladia
Opportunity cost of Cookies = 9/90 pies = 0.1 pies
Opportunity cost of pies = 90/9 pies = 10 cookies
<em>It is shown that Marketopia has a comparative advantage in the production of pies because the opportunity cost of such is 1.67 cookies as opposed to Econladia which is 10 cookies. </em>
Answer:
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Explanation:
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Answer:
C. the market demand curve understates the relative importance of the product and resources are therefore underallocated to its production.
Explanation:
Positive external benefits refer to third party positive side effects, above & beyond private marginal benefit to the concerned consumer.
Eg : Education - Its consumption not only affects the concerned person, but the positive trickle down to the people & society around.
Personal consumption decisions are based on : equalisation - of private marginal benefit (demand) curve & private marginal cost curve. However, goods having positive external benefits have real marginal benefit curve increased over private benefit curve, by the extent of extra marginal social benefit.
So, market demand (based on private marginal benefit) curve understates the importance of product, and resources are therefore underallocated to its production (due to undervaluation of demand).
Answer:
True
Explanation:
The satisfaction of customer is the key need of survival for any business.
As the customer satisfaction will result into good branding, economic support and vital performance booster for the organisation.
Customer satisfaction ensures that the organization is socially and economically viable, and equally capable of running business with the perspective of growth.
Thus the above stated statement is
True
