Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
Answer:
b. a one-tail test should be utilized.
Explanation:
It can be said that the best way for the economist to make this determination would be to use a one-tail test. This is a statistical test in which the critical area of a distribution is one-sided, making it either exceed or fall short of a certain value, but not both as seen in the graph below. Which in this case, the certain value would be $50,000 and the information will be on either side. Thus showing the economist if the mean family income truly exceeds the $50,000
Answer:
B. there is a perfect positive correlation between the demands for two goods.
Explanation:
Bundling is a technique of combining two or more products and selling them together as one package.
This technique is most commonly used by many companies like Microsoft, McDonald's, etc.
Sometimes, the strategy of bundling doesn't pay off in some endeavours as the companies might not make profit or not make as much profit as was originally projected.
Other times, it has paid off handsomely.
À company can decide to bundle products like a mouse, a keyboard, a USB drive and a monitor to sell as one package and not sell them individually, this is known as "pure bundling".
There is an increase in revenue when the change in value of one of the product in the bundle is equally proportional to the change in value of the other product in the bundle.
Answer:
(c). responsive and identifiable.
Explanation:
Zipcar targets campuses by locating its cars on many campuses, because they have higher concentration of Millennials and as such, this increases their customer service efficiency.
<u>This suggests that the millennial segment can be</u><u> readily identified and responds well</u><u> to Zipcar's marketing strategy.</u>
