Answer:
For firms, Rent Seeking usually involves: <u>restricting supply in order to increase price</u>
Explanation:
An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.
A rent seeking firm have a greater incentive to engage in rent-seeking behavior when demand is elastic because the restriction imposed on competitors will not affect the demand for the goods.
In order to obtain more cultural information about Ecuador I
would consult a websitecalledhttp://geert-hofstede.com.
Geert Hofstede is a Dutch social psychologist who is known
for his research on different cultures. On his website one can enter a country
of choice and will obtain information on that culture’s dimensions (a theory
developed my Hofstede).
The correct answer for the question that is being presented above is this one: "FALSE." <span>Becoming an early adopter of technology and industry trends can increase your job security. This statement is false because it is not an assurance that job security will be increased.</span>
Answer:
b. Make, $26
Explanation:
Options are <em>"A. Buy, $26. B. Make, $26. C. Buy, $36. D. Make, $36 E. Buy, $40"</em>
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Calculation of total relevant cost
Direct materials $4
Direct labor $12
Overhead $10 ($20 * 50%)
Total relevant cost $26
Since the relevant cost is $26 when making, so the proper decision and the total relevant cost to compare with the $30 purchase price are "Make, $26".
