If all firms only earn a normal profit in the long run, firms will develop new products or lower-cost production methods because they can innovate and possibly earn an economic profit in the short run.
Explanation:
Competition involves constant efforts by companies and executives to do more than the loss (normal gains) of new goods or by improving ways to manufacture current products at lower prices. Therefore, if businesses can invent, they will achieve short-term economic advantage.
Economic benefit encourages entry, economic losses lead to exit and firms in a highly profitable market earn little economic income in a long-term equilibrium. In an industry where inflation does not change the costs of materials (a market with a constant cost), the long-term supply curve is a horizontal line.
Orson has probably committed the tort of conversion unless he can show that <u>"Harrison does not really own the car."</u>
Conversion is an intentional tort comprising of taking with the goal of practicing over the property a proprietorship conflicting with the genuine proprietor's privilege of possession". In the United Kingdom, it is a tort of strict liability. Its counterparts in criminal law incorporate robbery or burglary and criminal change. In those wards that remember it, criminal transformation is a lesser wrongdoing than burglary/theft.
Answer:
Option C 0.72 is correct
Explanation:
Cash and cash equivalents 351
Marketable securities 379
Accounts receivable 242
Total quick assets 972
Divide by Current liabilities 1341
Quick ratio 0.72
Answer:
Explanation:
My conclusion as a corporate social responsibility student is as follows: Students are willing to pay the additional tuition in the short-run since they believe that employing new technology (the means) will be justified by maintaining a better environment (the end).
Generating energy using wind is environment-friendly than using other non-renewable sources which could result in depletion of natural resource and environmental pollution. Therefore, an additional cost on the part of the students in terms of increased tuition fee is justified by the reduction in resource depletion and the preservation of environment in using wind energy.
5,000 add 3,500= 8,500
Then subtract the current balance from 8,500
Answer 4,500
