New firms entry in industry
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
What persuades new firms to enter in an industry?
Answer: Abnormal profit encourages new firms to enter an industry.
Briefly explain the term Average cost and Marginal cost?
Describe the types of multiplant firms?
Instruction: McDonald's vs. Burger King - these two fast food chains use different waiting line design: Independent queue vs. pooled queue. To compare the two different queue systems on equal footing, let's assume that we pick a McDonald's sto
How will the system accommodate change?
Briefly explain the term leverages?
Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.
Economic efficiency is present while the: (w) economic system is a pure socialist system. (x) resources obtainable are slightly wasted. (y) value of output is maximized, specified restricted resources. (z) utilization of resources is minimized. <
Which of the given describes a condition in which a good or service is produced at the lowest probable cost: w) productive efficiency. x) allocative efficiency. y) marginal efficiency. z) profit maximization Please
Briefly describe the term cost of capital and also illustrate out its significance?
If the European euro declines in value (depreciates) in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States? Suppose you were planning a trip to Paris. How would the depreciation of the euro chan
18,76,764
1935185 Asked
3,689
Active Tutors
1444582
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!