Answer:
The correct word for the blank space is: Sharecropper.
Explanation:
Sharecroppers were farmers who used to lease lands for the crop of different commodities. In exchange, the landowner used to receive a portion of the crop at the end of every year. This practice was mostly developed in the U.S. south by former slaves.
During the Reconstruction era (1865-1877) white landowners entered in conflict with freed blacks who were fighting for their total independence after the Civil War (1861-1865).
Technology is a growing part of the US economy.
The four largest manufacturing industries in America are computers and electronics; chemicals; food, beverages, and tobacco; petroleum and coal—account for about 51 percent of manufacturing GDP. The top nine sectors constitute approximately 79 percent of manufacturing GDP. These sectors accounted for 68 percent of total manufacturing employment in 2010.
From the above graph, we can see clearly that the technology sector had increased from $225billion in 2006 to about $360billion in 2011, which is about a 60% increase in a span of 5 years, thats a massive growth within a short period.
Answer:
The two assumptions are as <em>resources must also be heterogeneous and immobile.</em>
Explanation:
The two critical assumptions of Resource Based View are <em>that resources must also be heterogeneous and immobile.</em>
Heterogeneous. <em>The first assumption is that skills, capabilities and other resources that organizations possess differ from one company to another.</em>
Immobile. <em>The second assumption of RBV is that resources are not mobile and do not move from company to company, at least in short-run.</em>
Answer:
-$475,000
Explanation:
Total revenue = Baskets of peaches × Price
= 100,000 × $3
= $300,000
Explicit cost:
= Rent equipment + wages
= $100,000 + $100,000
= $200,000
Implicit cost:
= Land × Interest + salesman earned
= $1,000,000 × 0.55 + $25,000
= $575,000
Total cost = Explicit cost: + Implicit cost
= $200,000 + $575,000
= $775,000
Economic profit = Total revenue - Total cost
= $300,000 - $775,000
= -$475,000
For every choice you make, you are sacrificing something else. For example, when you choose to buy a new phone, you are sacrificing buying a new laptop. The opportunity cost of buying the phone, is the cost of the laptop. Therefore, evey choice has a cost, because in every choice, there is a sacrifice
