Answer: quantity demanded for the good will increase (D)
Explanation:
Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.
In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.
Answer:
E. functional innovation
Explanation:
Functional innovation -
It is the method by which the any problem is solved by using creative and innovative method , is known as functional innovation.
This method is adapted by organisation for stand apart in the competitive market , by using new , innovative and creative methods.
Hence , from the question,
Trackanddeliver.com deliver the product to the peoples exact location , uses the method of functional innovation.
Answer:
A) 200 units
Explanation:
mean daily demand = 20 calculators
standard deviation = 4 calculators
lead time = 9 days
z-critical value (for 95% in-stock probability) = 1.96
normal consumption during lead-time:
= mean demand × lead time
= 20 × 9
= 180 calculators
safety stock = z × SD × √L
= 1.96 × 4 × √9
= 1.96 × 4 × 3
= 23.52 calculators
reorder point = normal consumption + safety stock
= 180 + 23.52
= 203.52 calculators
Community colleges offer two-year programs that enable students to obtain an associate degree. Community colleges are smaller colleges within each community that will allow a person to go to college and study for an associates degree. After the completion of the associates degree, the student can continue their education at a four year college or join the workforce.
A. Which Firm will have Higher Profits in a Recession Period ?
During a recession period trade and industries are unsuccessful and there is allot of unemployment. During the period supply in the market and level of output in the company are likely to be low. Robotic automated process seems to be relatively cheap under high production output in a firm. Also the cost of maintenance of machinery is quite high which the firm can`t cater for during the period. In this period human workers are more recommended as the cost of production will be accounted for due to small numbers of employees where the cost of wages and salaries is quite low.
B. Which Firm will have a Higher Profit During a Boom?
During a boom the industry experiences a period of economic success as demand in the market is high. Automated robotics process are machines and carry out their work with allot of efficiency. Compared to human beings they are relatively faster and more efficient. This will will help the industry meet its high level of production target. They also reduce the cost of production as their maintenance cost is low under large scale production. Human workers seem expensive during this period because cost of wages and salaries is subject per-head.
The Firm with a Higher Beta.
The automated robotics firm will have a higher beta this is because the output will be high leading to increased supply and sale for better profitability. The robots will also function as an asset to the firm increasing the net worth to the company.
