Answer:
$4,800
Explanation:
At 100 units output
Fixed cost= $500
Total cost=$4,500
At 101 units output
Fixed cost=$500
Fixed cost remains constant during production process
Marginal cost= $300
Total cost(101 units)= TC(100 units) + marginal cost of 101 units
= $4,500+$300
TC(101 units)= $4,800
Answer:
a) Perfect substitution
Explanation:
When two good or services can satisfy the same purpose, and their prices are closely matched then they are called perfect substitutes. Example.
performance appraisal consists of assessing an employee's performance and providing him or her with appropriate feedback.
<h3>What is performance appraisal?</h3>
Performance appraisal is done to check the performance of a particular employee.
It is done from time to time through the review of workdone and contribution of such individual to the organizations.
Therefore, performance appraisal is consists of assessing an employee's performance and providing him or her with appropriate feedback.
learn more on performance appraisal here,
brainly.com/question/24673911
Answer:
The correct answer would be Command Economic System.
Explanation:
Economic systems define the control of the government on the economic resources and the institutions of the country. There are four major economic systems. One is Traditional Economic System, other is Command Economic System, third one is Market Economic System and the fourth one is Mixed Economic System.
Command Economic System is an economic system in which the central powers are with the government. Government regulate the decisions of economy as well as of the institutions. In this type of economy, the government dictates the companies to do whatever the government says and thinks is the best for the country's economy.
So in this question, government thinks that the best way to overcome the trade deficit is to increase the exports of the Sedan cars at a competitive price in the international market without seeking any advice from the automobile manufacturers. This type of economic system is called the Command Economic System.
