Answer: Option B : An Isoquant
Explanation: An isoquant (otherwise known as equal product curve) is an equal quantity curve which represent a consistent amount of output.
Many jobs require a license or certification, such as; doctor, massage therapist, dental hygienist, and a school teacher. All of these jobs require a license or a certification. There are many more jobs that require these things, but I only named a few. :)
Answer:
Each firm will produce 20 ÷ N units
Explanation:
Given that
Q = 160N − P
MR = 160N − 4Q
TC = 150 + Q2
MC = 4Q
The computation of the number of units that each firm produce is as follows:-
MR = MC
where
MR = 160N − 4Q
And MC = 4Q
Now we equate
So, the equation is
160 ÷ N - 4Q = 4Q
160 ÷ N = 8Q
Q = 160 ÷ 8N
Q = 20 ÷ N
So, each firm will produce 20 ÷ N units.
Answer:
B. The executive summary
The executive summary usually comes first but written last since it is supposed to give away the key points of the presentation in a short but precise manner to attract the reader.
Explanation:
The executive summary is a short and concise explanation of the key events that are to be further discussed in the business plan. It serves to prepare the reader for the coming events in the business plan by giving him/her an overview of the key points in the business plan. A good executive summary also serves to captivate the intended reader to want to know more about the business plan.
A good executive summary should have the following properties;
1. Captivating opening statement; the reader needs something that will draw their attention to the business plan and make them want to know more. They need an opener that is interesting.
2. Short and precise; this is where the reader needs to know that you actually understand what you are talking about. This section has to be very precise but short.
3. Problem solution; in this section, you can provide answers to a particular problem. This part also needs to be short since you are writing an overview of the solutions. The detailed explanations will be in the business plan.
4. Proof that it can be done; this is where you provide evidence that you and your team can be entrusted with the business to run it to it's success.
5. Call to action; it's now time to close the deal. Set yourself above the competition to make sure that your client has no other option but to settle for your plan.
I guess the correct answer is An increase in the costs of exploration and drilling for oil
A leftward shift of the supply curve for oil in the United States is most likely to result from an increase in the costs of exploration and drilling for oil.
