Answer:
Reduce marginal costs so that they equal marginal revenue.
Explanation:
Regardless of whether the producer is a monopolist, oligopolist, or in perfect competition, the profit-maximizing quantity is where marginal revenue equals marginal costs, or in other words the cost of producing the next unit of output is equal to the revenue earned by the next unit of sales. Any output before this holds an opportunity cost, and any output after this intersection is losing money.
General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False
General partners do not have to obtain approval to run the business which means that this statement is FALSE.
In a Limited Partnership:
The limited partners are not involved in the running of the business The general partner makes all the relevant decisions involved in running the companyThe general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.
In conclusion, this statement is false.
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Identify four (4) different types of credit (purposes)
Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit
If the MPC is 0.8 and government transfers to households decrease by $50 million, then equilibrium GDP will decrease by:
The equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.
Transfer payment multiplier = MPC / (1 - MPC)
Transfer payment multiplier = 0.8 / (1 - 0.8)
Transfer payment multiplier = 0.8 / 0.2
Transfer payment multiplier = 4
If the government transfers decrease by $50 million.
Equilibrium GDP will decrease by:
= $50 million * 4
= $200 million.
Therefore, the equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.
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Emmanuel thrives when he is assigned to projects that are mostly self-directed. He can be trusted to work on the project independently and check in with his supervisor as needed. Emmanuel also prefers to be paid incentives for quality work. Emmanuel likely has
Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.
Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.
Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.
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