The statement is false. According to Ten Principles of Economics the statement is false.
Among the Ten Principles of Economics is that a nation's ability to generate products and services determines its standard of living. Only a country that can create a lot of products and services can have a high level of living. Since American workers are more efficient than Nigerian workers, Americans have a higher standard of living. Because Japanese employees' productivity has increased more quickly than that of Argentine workers, the Japanese have experienced a higher rate of living standard growth. George Mankiw's book Principles of Economics lays out a fundamental set of rules that are economically sound theories that can be verified.
Countries that have had higher output growth per person have typically done so without higher productivity growth.
True
False
Learn more about ten principles of economics here:
brainly.com/question/17195696
#SPJ4
Answer:
The answer is: $3.00
Explanation:
In order for Chuck Diesel Burger to make a profit it must sell its product at ˃$3.75.
If it sells its product at $3.75 it will break even (costs = revenue).
If its price is <3.75 but ˃$2.50 it will lose money but still produce, since its revenue is ˃ than its variable cost.
Any price ≤$2.50 would make it impossible for Chuck Diesel Burger to continue production since its revenue is < variable production costs.
The Superdry Brand is capability of supergroup would be considered costly to imitate.
What is Superdry brand known for?
- The Superdry brand is owned by Superdry plc, a UK-based clothing manufacturer.
- Superdry items merge Japanese-inspired graphics with vintage American styling. On the London Stock Exchange, it is traded.
What is Superdry brand personality?
- The Superdry brand is dedicated to unrelenting innovation and is completely fixated on design, quality, and fit.
- The company creates footwear, accessories, and clothing that is both affordable and of the highest quality.
- Superdry's distinctive mission is to make our customers feel fantastic while they wear our clothing.
Learn more about Superdry brand
brainly.com/question/17273442
#SPJ4
Answer:
Falls by $100,000
Explanation:
In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.
Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000
We now calculate the price or worth of the land when demand falls
This is mathematically equal to 400 * 1000 = $400,000
Now, the net economic rent fall would be $500,00 - $400,000 = $100,000
Hence, there would be a fall of $100,000 as the demand for land falls
<span>
Most workers recieve on the job training to learn what they need to know.</span>
