Answer:
B
Explanation:
Opportunity cost refers to the benefit of something forgone in choosing an alternative.
the opportunity cost of 50 cars equals one airplane
the pairs of points that could be on the United States; production possibilities frontier is 200 airplanes , 12500 cars and 150 airplanes, 15 000 cars.
since 50 airplanes reduction = 50 × 50 cars increment = 2500 cars
Answer:
1. willingness to accept
3. willingness to pay
Explanation:
Willingness to accept is the least amount a seller is willing to sell his products. The difference between price and willingness to accept is the Producer surplus.
Willingness to pay is the highest amount a consumer would be willing to pay for a product. The difference between willingness to pay and price of a good is the consumer surplus.
I hope my answer helps you
Answer:
Letter A is correct. <u>True.</u>
Explanation:
This question is correct because the marketing environment of a company is the task environment where the company carries out its activities to satisfy the wants and needs of customers, in order to achieve its objectives defined in the marketing plan.
The microenvironment is composed of controllable variables influenced by the company's performance. There are also the forces that generate the strengths and weaknesses of the product, the brand and the company, and influence its performance and market position.
Answer:
Option (B) is correct.
Explanation:
XA + XB = 100
QA = 100XA
QB = 200XB - XB^2
Use the fact that,
XA = 100 - XB
Now total production is Q = QA + QB
Q = 100XA + 200XB - XB^2
Q = 100 × (100 - XB) + 200XB - XB^2
Q = 10,000 + 100XB - XB^2
Output is maximum when Q'(XB) = 0
100 = 2XB = 0
XB = 50
XA = 50
Therefore, the firm’s profit-maximizing allocation of input X is 50 units of XA and 50 units of XB.
Answer:
Substitutes
Explanation:
Zenith Technologies has a very flat organizational system with few managers. Instead, it has a rigid system of clear, formalized goals, clear procedures, and cohesive work groups. In this case, the various components of the organizational system are acting as <u>Substitute</u> to formal leadership by replacing the support and ability offered by leaders.
This is case of subtitute leadership, wherein power of leadership is taken away to help team achieve organizational objective if they are performing well together and working cohesively. Skills, experience, and training of employee are replaced to the formal leadership and it´s influence. Subtitute is the term used for best alternative available. Similarly, the various components of the organizational system are acting as Subtitute to formal leadership.