Katie buys a new pair of sunglass for spring break. within an hour of arriving home, her dog chews her new purchase and ruins them. she heads back to the store and asks if there is any way to have them repaired. the clerk promptly takes the glasses and hands her a new pair. she is shocked at how the store went above and beyond her expectations and plans to shop there from now on. this is an example of the level of a product.
Answers: 2
Business, 22.06.2019 20:10, alen919
Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.
Answers: 1
Business, 22.06.2019 21:10, dooboose15
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 22.06.2019 22:50, rydersasser12
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
Katie buys a new pair of sunglass for spring break. within an hour of arriving home, her dog chews h...
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Mathematics, 12.02.2020 04:13
Mathematics, 12.02.2020 04:13