The answer is true. The efficiency of production is improved by technology, but not the efficiency of allocation. R&D Can Improve Productivity and Differentiate Products Businesses achieve a competitive innovation by outperforming their rivals in a way that is difficult for them to imitate.
It is simpler to outperform rivals if R&D activities result in an enhanced type of business process—reducing marginal costs or raising marginal productivity. Innovation that increases productivity depends on research and development (R&D). This article explores how co-investments and other business operating conditions help R&D in increasing productivity, going beyond a basic relationship between R&D and firm productivity performance.
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The two types of budgets are capital improvement budget and Yearly operating budgets.
Answer: the owner is her own boss
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Answer: B. Shampoo and conditioner, with an elasticity of -3.5.
Explanation:
Complimentary products are those which see their quantity demanded move together because the goods usually compliment each other like tea and sugar.
Their Cross-price elasticity shows this by being a negative figure. This is because when the price of one commodity goes up, the quantity demanded of the other goes down because higher prices lead to lower quantity demanded.
The actual question showed that Conditioner and Shampoo had a cross-price elasticity of -3.5 so this is the correct answer.
