Answer:
b. diminishing returns to specialization.
Explanation:
Diminishing returns is also called diminishing productivity. It states that as additional unit of input is used in production it will get to a stage where more of input will be required to maintain output levels.
If the same level of input is used it will result in reduction in output over time.
This is exemplified in this secanrio where it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.
It takes more input to increase output by 1 ton
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Answer:
Consider the global environment where your business will operate, and identify the business drivers for your firm and industry
Explanation:
International information system refers to basic set of information system that an organization need, in order to leverage on global trade and other businesses. The firm must also take note of the cultural factor like social norms, affecting the system.
When a company is building an international information system, it must consider the global environment, business management and processes, the platform on which the business would base its technology and its corporate global plan. All these are necessary to enhance effective international information system.
Answer:
C
Explanation:
They sell shares at a price to investors. They then use these funds to help grow their business and in turn pay dividends to shareholders
Answer:
people care more about their own surplus than they do about total surplus.
Explanation:
Price control can either be a price ceiling or a price floor.
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. It is usually set below equilibrium price.
Price ceiling increase consumer surplus and reduce producer surplus.
A price floor is when the government or an agency of the government sets the least price a good or service can be sold. It is usually set above equilibrium price.
Price floor increases producer surplus and reduces consumer surplus.
Producers would be advocating for a price floor because it increases their surplus, while, consumers would advocate for a price ceiling.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Producer surplus is the difference between the price of a product and the least price the seller is willing to sell the product.
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