The industry’s under-production is causing society will be deprived of a net gain since the next panel that is produced will have a higher consumer value than the expenses of producing it.
This is further explained below.
<h3>What is the industry?</h3>
Generally, An industry is a sector of an economy that generates a group of closely linked raw materials, commodities, or services, according to the macroeconomics definition of the term.
One may, for instance, make reference to the insurance sector or the timber industry.
In conclusion, Due to the fact that the industry is manufacturing fewer panels than it should be, society will be deprived of a net benefit.
This is because the consumer value of the next panel that is manufactured will be greater than the costs associated with making it.
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Answer:
strategic alliance
Explanation:
Based on the scenario being described within the question it can be said that the relationship in this scenario is best referred to as a strategic alliance. This term refers to an agreement between two parties in which they both help each other reach an agreed upon goal but still remain as their own independent organization. Instead it is only a strategy to reach the goals at a much faster time-frame than if each company were doing it alone.
,Answer:
See below
Explanation:
A B C
Sales revenue
$70,000 $145,000 $32,000
Variable costs
($42,000) ($77,000) ($20,000)
Contribution margin
$28,000 $68,000 $12,000
Fixed costs
Operating income loss
The total operating income is
= $16,700 + $34,500 + ($950)
= $50,250
Should the fixed cost of C be eliminated, the operating income/(loss) of C
= $6,000 - $950
= $5,050
This is the net increase in the total operating income
The correct word to complete the sentence In perfect competition,
sellers have ____ control over price.Iť is complete. While the other
words may fit in the sentence, complete makes the most sense as the
sellers are in perfect competition and want to get the most business
with the lowest prices.
I guess the answer is related diversification
Florist, Blake Godrey, ran a small glass shop and sold blown glass pieces to people in Northern Virginia. He believed that he could sell more glass if he had means to use the internet. Thus he borrowed money and invested in creating a web site called glass.com where he sells glass pieces to people all over the world using various delivery services. Godfrey realized a related diversification opportunity.