E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them
Explanation:
Answer:
For comprehension purpose, I would attach options to the question:
All of the following are required resources for differentiation except:
A. Strong marketing capability B. Corporate reputation for quality. C. Product engineering. D. Intense supervision of labor.
The correct answer is Option D (Intense supervision of labor)
Explanation:
The differentiation asked in the question above is product differentiation.
Product differentiation, in Economics, talks about the efficient way a producer or seller of a product makes it unique in the market thereby creating an edge between the product and other similar ones or other products.
So, strong marketing capability exposes the strength and uniqueness of the product to prospective buyers which in turn brings sales.
Corporate reputation and product engineering are a strong boost in sales, as reputable companies and the physical appearance of a product tend to get easy acceptance in the market. While Intense supervision of labor may increase the efficiency of production but it is not to be considered as a resource for differentiation.
Answer:
A) The Heckscher-Ohlin model offers a reasonable explanation of the pattern of trade and the gains from trade.
Explanation:
A) The Heckscher-Ohlin model mentions that some countries have capital products and some have labor work products. In that condition some countries might be producing capital products like cars and mobile phones however these countries might have less labor work products like agricultural products so that they can not produce enough food. In that sense there is a trade that occurs between two countries one having a capital like a car and others having a high food production so the trade gets balance thanks to this import and export of products. Basically, each country exports its products that they are leading whether it has capital good or labor work good and imports goods that they are lack of it whether it is capital or labor work products. Well, gains from trade happens thanks to this exchange.
B) No, the Heckscher-Ohlin model offers a pattern of trade between two countries according to capital goods and labor work products.
C) No, the Heckscher-Ohlin model explains the gain. Possible to gain from your goods. If a country produces capital good then gains from that or produce labor work good then gains from it by export to other countries that they have lack of that good.
D) The Ricardian trade model focuses only on labor work goods but Heckscher-Ohlin states that trade based on labor work goods and capital goods.
Answer:
all are correct A, B and C
Explanation:
The marginal cost hiring another worker and producing a sandwich = $5.50 per sandwich, which is higher than the marginal revenue.
If the selling price per sandwich is $5 and the marginal cost per sandwich is $5.50, the firm will lose $0.50 for every sandwich that it sells.
Therefore the firm would be losing money is they hire an extra worker.
In order to maximize the profit, the marginal cost = selling price.
Answer:
Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.
Explanation:
