Answer:
It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.
Answer:
b. an economic profit of 100%.
Explanation:
A monopoly is when there is only one firm operating in the industry. There are high barriers to entry of firms in a monopoly. Profit is maximised where MR = MC.
Economic profit is affected by the entry or exit of firms into the industry in the long run. Due to the high barriers to entry, a monopoly earns economic profit in the long run.
I hope my answer helps you
Answer:
The item is identifiable and lacks physical substance.
Explanation:
Intangible asset: Intangible asset is that asset which cannot be seen or even touched. It has no physical existence.
Example: Goodwill, patents, trademarks, copyrights and other intellectual properties
In these types of assets, amortization is charged instead of depreciation.
It neither used for production, nor its gains any scientific or technical knowledge, and its value neither measure reliability
Hence, option a is correct
A store asked 250 of its customers to study the relationship between the amount spent on groceries and income. a meaningful display of the data from this study would be <u>a scatterplot</u>
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Using Cartesian coordinates, a scatterplot is a form of plot or mathematical diagram that shows values for typically two variables for a set of data. An additional variable can be shown if the points are color-, shape-, or size-coded.
When one continuous variable is under the experimenter's control and the other depends on it or when both continuous variables are independent, a scatterplot can be utilized. The data are shown as a series of points, with each point's value dictating its position on the horizontal axis and its value dictating its position on the vertical axis.
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Answers are:
<span>Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price
</span><span>Producers use their resources efficiently
At the equilibrium price, the quantity bought= quantity sold. Consumers have enough goods at the given price, meaning that there isn't anyone who wants to buy the good at that price but can't, and producers use their resources efficiently.
The whole economy does not waste resources, since this is the market-efficient outcome, and there aren't many shortages or surpluses for the same reason. </span>
