Answer:
2 3 For commodity X average cost is equal to marginal cost at every level of from ... curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. ... Suppose that the demand curve is (where is the number of gallons of liquor ...
Explanation:
Answer: First-Mover Advantage
Explanation:
The FIRST MOVER is a SERVICE, PRODUCT or COMPANY that gains a COMPETITIVE ADVANTAGE by getting to a market first.
Advantages of this include being able to establish Strong Brand and Customer Loyalty before competitors come into the market and the opportunity of extra time to perfect marketing and production strategies to fully capitalise on market share.
First movers are usually followed by competitors immediately but more often than not, the first mover has established such a strong market share and a solid enough customer base that it maintains the majority of the market.
Answer:
Confrontation
Explanation:
Confroning a person is better than talking in publoc due to lots of People listening
Answer:
We would choose this new production technique.
Explanation:
In this question, we have to analyze and compare all production technique costs and choose which one is lower to maximize profit thus confirming or denying the affirmation. After calculating all the costs associated with this new technique, we find that this technique would be adopted because it would lower the total production costs to $28 and thus would increase the total economic profit.
