Answer:
a. keep producing in the short run but exit the market in the long run.
Explanation:
To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run
Short Run Effect
The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.
Long Run Effect
However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.
The consumer price index last year must have been 158.58.
<h3>What was the consumer price index last year?</h3>
The consumer price index is used to measure inflation. It does this by measuring the changes in the price of a basket of good.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
CPI last year = (100 - 3.1) x 163.65 = 158.58
To learn more about, consumer price index, please check: brainly.com/question/26382640
Answer:
The answer is B.Effectiveness.
Explanation:
Effectiveness is accomplishing tasks that help fulfill organizational objectives.
An <u>incentive </u>is a discount that rewards the buyer for an immediate purchase rather than a future transaction.
<h3>What are other types of incentives?</h3>
Other examples of sales Incentives are:
- Bonuses
- Commission
- Coupons
- Discounts
- Buy One Get One Free
Incentives are used to encourage customers to buy more, stay loyal, and help the business win more customers through word of mouth marketing.
See the link below for more about Incentives:
brainly.com/question/964887
Answer: B.) Scarcity
Explanation: Scarcity simply refers to the limited availability of a commodity or resource such that demand or want exceeds the level of supply or availability. In the context above, Allie's situation exemplifies a situation or condition Scarcity whereby the level of want or desire exceed the available resource. Allie's insufficient resource or bank balance was unable to cater for her want (pair of running shoes).
