Answer:
c. It is necessary to have an agreement for an effective communication
Explanation:
The communication is basically a two way communciation where the sender send the message and the receiver received the message by decoding the message sended by the sender
When the communciation starts so there is an agreement i.e. necessary between the parties to have an effective communication
hence, the correct option is c.
Answer:
calculate the cash balance.
Explanation:
by calculating the cash balance you're insuring yourself that you did the calculations and if the balance is not what you were looking for, then you can go and reconcile a bank statement.
The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.
Note that when we are in long-term equilibrium, we are also in short-term equilibrium. In the long run, P = min(ATC), and the entering firm chooses the set with the lowest ATC. The MC curve intersects ATC at min(ATC), so the same quantity has a price equal to MC.
For a perfect competitor, marginal return equals price and average return. This means that the firm's marginal cost curve is a continuous supply curve with values greater than the average variable cost. If the price falls below the average variable cost, the company will be closed.
In a perfectly competitive market, price equals marginal cost in both the short and long run.
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The ways that gdp per capita does not provide an accurate representation of living standards is option A, B,C.
<h3>What is gdp per capita ?</h3>
Gross domestic product per capita is used to measure or determine the growth of a nation economy or income of a nation per individual who live in the nation.
Hence, gdp per capita cannot provide an accurate representation of living standards through the followings ways:
- A. GDP per capita does not measure production that occurs outside of the market economy.
- B. GDP per capita does not account for changes in environmental quality.
- C. GDP per capita does not account for how people distribute their time between work and leisure.
The missing options are:
A. GDP per capita does not measure production that occurs outside of the market economy.
B. GDP per capita does not account for changes in environmental quality.
C. GDP per capita does not account for all final goods and services sold in markets.
D. GDP per capita does not account for how people distribute their time between work and leisure.
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