Assume that an economy has 1,900 workers, each working 2, 400 hours per year. If the average real output per hour of work is $24, then total output, or real GDP, will be $30 million. $45 million. $109 million. $3 million.

Q: How much profit did the restaurant earn in each period? Remember that the quantity on the graph is…

A: Profit = Total Revenue - Total Cost Total Revenue = Price*Quantity Total Cost = Average Total…

Q: List and describe the four types of intellectual property.

A: Protecting Intellectual Property Protection of intellectual property would be protection for…

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A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: 10 Average cost Profit or loss Marginal cost 8 7 4 Demand 2 1 Marginal revenue 10 20 30 40 50 60 70…

A: The profit is maximized where MC=MR At this pointP=6Q=40ATC=4Profit=(P-ATC)*Q=(6-4)*40=80 At the…

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A: Corporate governance is a set of rules, practices, or regulations that govern how organizations are…

Q: why monopolistic competition the food industry

A: Barriers to entry conveys the number of restrictions faced by a business firm in its attempt to…

Q: Your friend has recently started her own business producing water bottles. The water bottles have a…

A: In Economics, different types of industries are classified based on the nature of competition…

Q: hat does an entrepreneur use to summarize his or her business strategy for a proposed new venture?

A: An entrepreneur is an individual who takes on the role of organizing, managing, and operating a…

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A: This philosophy is all the more usually known as a classification tree effectively from information…

Q: Which rules are followed to be a successful entrepreneur?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: oligopoli - definition and main features

A: Oligopoly Market:  The oligopoly market can be defined as the one in which there are small number of…

Q: Why would consumers knowingly buy counterfeit luxurybrands?

A: Consumers buy products that producers produce. Some products are necessities, some are for fun, some…

Q: Draw a graph of Pepsi company that related to the product differentiation.

A: Monopolistic competition: It has the features of both a monopoly and a perfectly competitive market.…

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A: The current situation of United Airlines: weakness, strengths, threats and opportunities, are…

Q: Pick a business you use and tell which market they are in and why.

A: A market is a place where the buyers and sellers interact with each other party and determine the…

Q: Every time you go to your firm’s lounge to get a cup of coffee, the pot is empty. Why?

A: The Law of Demand states if price of a good increases/decreases, demand of the good…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: Discuss and explain : "Advertising expenditure may serve to signal quality ofthe product"

A: Advertising is a type of commercial communication in which a product, service, or idea is promoted…

Q: Advertising messages that encourage underage drinking and smoking fall under the category of Ethics…

A: Ethical advertising is related on the fairness, truth, and equity in messaging and experience of…

Q: on average, the price of a patented pharmeceutical drops between 30-50 percent after the patent…

A: GIVEN   on average, the price of a patented pharmeceutical drops between 30-50 percent after the…

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A: The exchange of goods and services can take place in a market, which is a meeting point for parties…

Q: Why Business Should Be Listed in Google My Business b. How to Dominate Local Search c. A…

A: A) Business Should Be Listed in Google My Business because,  Your Business Profile is a free device…

Q: Identify innovation strategic moves and competitive positioning open to samsung.

A: Samsung provides huge varieties of products and differentiated product is the result of continuous…

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A: Answer: Esports represents the generational interchange, these changes started occurring with the…

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A: Knowing threats to your business is a powerful first step to reducing their risk, or at least…

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A: Ecommerce, often known as electronic commerce or online commerce, is the purchasing and selling of…

Q: Think of a situation where tier pricing was used very effectively. What was the mechanism used and…

A: Tier Pricing method- This is a pricing method where by the producer resorts to differential pricing…

Q: How might blockchain help address the problem ofspoilage and waste in the food industry?

A: A blockchain is a distributed database that is shared by computer network nodes. A blockchain, like…

Q: Industrial and consumer prducts have similar characteristics and can be sold through similar…

A: Consumer goods are finished goods that are used for the direct consumption while industrial goods…

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A: It is the shareholders who own the corporations. The shareholders collectively have a great extent…

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A: The various factors which could affect the costs on the web even after its claim for an ideal market…

Q: what is the difference between an opportunity and a threat

A: In economics, producers have to deal with various market uncertainties that can positively or…

Q: Why is mobile connectivity considered a disruptivetechnology?

A: Disruptive technology: It is an advancement that altogether adjusts how customers, ventures, or…

Q: Summarize the six components of a marketing plan.

A: Marketing refers to the phenomenon in which the companies get involved in advertising, and showing…

Q: Just-in-Time Kanban Systems?

A: Inventory system is a system that is used to manage the available inventory of the business…

Q: Why do people engage in white- collar crimes?

A: Confirmation bias is a cognitive bias where individuals seek, interpret, and remember information in…