Well, if I were answering a question like this, I would say this:
In the long run, getting more education can get you more job choices, better income, and you are more likely to get hired and/or be promoted from your job. Pursuing post secondary education can help someone have better qualifications for jobs, for other schools and even in many other fields of work or business. For example, one who goes to primary medical school may have to work their way up with much more effort through their jobs while someone with secondary and post secondary education would have a research facility to themselves in nuch less time. Someone who gets their post-secondary education is more likely to have what they need for retirement as well as for their kids and their college savings.
Hope that helped, but try putting it in your own words! :D
Answer: the economic principle of comparative advantage
Explanation:
Comparative advantage could be described as an economy's capability to produce a particular product at than the price competitor would offer. A comparative advantage could also be described as handling two jobs but being better in one than the other. One of the jobs could be primary duty while the other is secondary, one fetches income than the other which may or may not fetch an income or having a job that supplements the work you do for the other one
From the paragraph, both America and Chile farm fruit in their various reasons but United State does it better than Chile based on her massive manufacturing industry. The United states comparative advantage is her large manufacturing industry which helps her to be better than Chile in the fruit production.
Answer:
C. None of these would be considered a fixed cost.
Explanation:
Fixed cost is a cost that do not vary with any level of output. It is a cost that does not change irrespective of an increase or decrease in a company's production output.
Example of fixed cost are interest payment on loan, payment of rent, depreciation and cost of land acquisition. All these costs remain the same no matter how high or low production output is.
As in the case above,
•The cost of rope would form part of the total cost (which is sum of all the cost expended by a company in certain production output) and NOT a fixed cost because the rope is used to prepare the final packaged product.
•The packaging material would also form part of the total cost. The cost expended on this material is what makes it a total cost as it forms part of the final production output.
•Employee wages would be regarded as variable cost(cost that vary with the level of output) because it is a production company, hence employee's wages will be dependent on the number of products they are able to produce.
Nicco is mostly like an independent contractor for Acme Solutions.
Explanation:
An independent contractor is a licensed person or organization for the other unemployed to complete the work for and would offer services.
Independent contractors are termed sole owners or Limited Liability Companies (LLCs) of single members in the United States of America.
If you are profiting or benefiting from rental homes, you will record your income and expenses under Schedule C of Form 1040 or Schedule E. In addition, self-employment charges are to be submitted to the IRS, normally on the basis of Form 1040-ES every three months.
Answer:
<h2>In this case,the answer would be option b. or perfectly competitive or monopolistically competitive.</h2>
Explanation:
- A perfect competitive market structure is commonly characterized by the presence of many firms or producers and buyers or consumers.The products or services sold in the perfectly competitive market are homogeneous or similar in nature,feature or characteristic.
- A monopolistic competition is identified as a particular type of market structure in which there are many firms or companies selling differentiated or heterogeneous products or services.Hence,monopolistic competition also consists of many or numerous firms or companies but unlike perfect competition,the products or services in monopolistic competition are differentiated or heterogeneous in nature,feature of characteristic.
