The Great Recession, a sharp economic downturn that begun in 2008, brought high unemployment, increased business failures, and a
n overall drop in living standards. According to economist Joseph Schumpeter, which business cycle occurred when the economy began to stabilize and grow
According to Joseph Schumpeter, the stage that is described above is the Recovery stage.
<h3>What happens in the recovery stage?</h3>
The country begins to recover from the negative economic conditions of the depression.
Signs of stability will begin to appear.
In the recovery stage, economic activity will start to rise as there will be more production of goods and services.
Unemployment will also begin to drop as more companies hire people to produce. They will in turn increase spending which would further stimulate the economy.
Computer Inc should produce and sell 500 charging cords since their contribution margin is the highest, resulting in a gross profit of $8 per unit x 500 units = $4,000. And produce and sell 650 flash drives with a contribution margin of $7 per unit which results in a gross profit = $7 x 650 units = $4,550.
Explanation:
Companies must focus on producing and selling the products that generate them the largest profit.
perfectly elastic over the relevant range of output.
Explanation:
In a perfect competition there are many firms in the market selling goods that are usually homogeneous in nature. Each individual firm will not be able to influence the price for which it offers goods and services to the customer.
The firm's are price takers and there is no barrier to entry.
This results in a situation where for all levels of quantity demanded there is no change in price, and demand curve is a horizontal line.
Her organization is permitted to monitor and the company's gadget she uses.
Explanation:
The fact that she is still an employee I that organization, the organization has the right to monitor her activities in the working environment. She has to get herself comported and follow the work I g ethics of the firm.