Answer:
If the market for labor was perfectly competitive, then the wage (price of labor) would be determined by the industry, not by individual firms. Therefore, individual firms would be wage takers. The equilibrium wage would be determined by the market and the supply of labor (the workers) should be perfectly elastic.
The demand of labor = marginal revenue product. Marginal revenue product is calculated by multiplying total marginal physical output by marginal revenue per unit of output.
B option is basically suitable. .
As project manager is setting up a recurring invite for meetings by using a web-based calendar app on a mobile device, this would exemplify the Intelligent Automation.
<h3>What is the significance of Intelligent Automation?</h3>
An Intelligent Automation refers to a software term that is a combination of Artificial Intelligence and Robotic Process Automation.
Intelligent Automation(IA) is also known as cognitive automation, that is the use of different automation technologies such as Artificial Intelligence (AI), Business Process Management (BPM) etc.
An example of Intelligent Automation is to analyze historical and real-time workload and compute data by using machine.
Learn more about Intelligent Automation here:-
brainly.com/question/28222698
#SPJ4
Answer:
<h2>The answer in this case is the last option given in the answer choices or list which is the falling unit production cost of a company.</h2>
Explanation:
- An experience or learning curve is a graphical curve which shows the relationship between the per unit production cost of any good or service incurred by any firm or company and the overall volume or quantity of output produced by the firm or company.
- A downward sloping experience or learning curve implies a negative or inverse relationship between the per unit production cost of any firm or company and the total volume or quantity of output produced by it.
- When the experience or learning curve is downward sloping,it essentially implies that as the firm or company expands its overall production or output level,it gains increasing experience or learning on how to control and reduce the average cost of production and simultaneously increase production level which can generate higher sales revenue,thereby,increasing the profit level.This basically refers to economies of scale in Microeconomics and is indicative of long term productive efficiency which is desirable by any firm or company to ensure sustainable profitability.
Answer:
The answer is full line strategy.
Explanation:
Full-line strategy is a product line strategy in which there are many variations of a product. The idea is to capture as wide as possible different number of customers.
In the example with proctor and Gamble, by offering and bombarding the market with detergents under different names, the customer is left with an illusion of choice. Not knowing that they are all under the same family. This ensures that no matter, the customers' choice, the sales is still coming to the parent company.