It should be noted that competitive firm's long-run supply curve is the part of marginal cost curve that lies above average.
<h3>What is long-run supply?</h3>
The long-run supply can be regarded as the supply of goods available in case whereby the inputs are variable.
The long-run supply curve can be referred to as been elastic than the short-run supply curve.
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Answer:
The correct answer is: Dichotomous
Explanation:
A dichotomy is the division into two parts of a thing, or failing that, it is a set or system that is subject to bipartition, and that generally oppose each other.
In traditional logic, dichotomy is the breakdown or fractionation of a generic concept into one of its specific concepts and its denial. The concept also refers to the law that states that no proposition can be true and false at the same time.
Answer:
Bargaining (Problem solving)
Explanation:
the bargaining stage of negotiation is the stage where both parties are clarifying goals. the stage to come to a final agreement after several compromising aspect.
this is can also be called "the heart of negotiation". A process where both party reach a concession after a long process of negotiation.
Answer:
D. $18
Explanation:
According to the Fair Labour Standardz Act (FLSA) concerning overtime, employees must receive overtime pay for hours worked over 40 per workweek (any fixed and regularly recurring period of 168 hours – seven consecutive 24-hour periods) at a rate not less than one and one-half times the regular rate of pay.
This means that an employee paid at $12 dollars hourly, during overtime would now receive
$ () + $ (-)
= $
, $.
It's important to note that there is no limit on the number of hours employees 16 years or older may work in any workweek.