The correct answer is A.
A company that seeks profit maximization in a competitive market needs to fulfill the following condition:
<em>price = marginal cost </em>
- The marginal cost refers to the cost endured when producing one extra unit
- In a competitive market firms are price takers, hence the price equals the average revenue and the marginal revenue as well.
- When deciding the amount to be produced, firms need to use the equality : marginal revenue = marginal cost, which in a competitive environment is translated into: price = marginal cost
In the present example, the firm could only add an extra worker if the increased marginal cost (13) was not exceeding the price (12). As this increase in fact occurs, it is better that the company stays with nine employees.
The percent of India's population is engaged in agriculture is 60-70%
The answer to your question is all of the above, as these are all beneficial when college planning.
Answer:
they lead to the development of an economy
Explanation:
it leads to employment opportunities and reduction in poverty across communities
Answer:
Informal sanctions
Explanation:
Reward for doing good or bad may be termed as sanction in this context. However, not all good deeds are openly praised or applauded. Informal sanctions in the context can be described an unofficial praise or reward which aren't said verbally or written in text. However, this kind of praise are conveyed through attitude and behavior. In the context above, John's boss is pleased with his performance and work ethic, and his praise and delight towards John is conveyed by his smile and cozy attitude towards him.
