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Hatshy [7]
2 years ago
9

Which of the following statements is correct?(A) Normal profits will cause an industry to expand.(B) Economic profits and losses

have no significant impact on the growth or decline of an industry.(C) Economic profits induce firms to leave an industry; profits encourage firms to leave.(D) Economic profits induce firms to enter an industry; losses
Business
1 answer:
notka56 [123]2 years ago
4 0

Answer:<em> The correct option in this case is (c).</em><u><em> i.e. Economic profits induce firms to enter an industry and losses encourage firms to leave</em></u>

Economic profits is the difference between total revenues and total costs excluding opportunity cost.  

For a instance when a firm generates economy profits then in that scenario it will be profitable to continue and expand .

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Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the
lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0
2 years ago
A On December 31, 2017, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to
larisa [96]

Answer:

2018: $78 million

2019: $468 million

2020: $234 million

Explanation:

Given that State Construction incurred costs as follows:

Year                         Cost

2018                         $60 million

2019                         $360 million

2020                        $180 million

Total cost = $60 million + $360 million + $180 million = $600 million

Percentage to total cost ratio is:

For 2018 = $60 million / $600 million = 0.1,

For 2019 = $360 million / $600 million = 0.6,

For 2020 = $180 million / $600 million = 0.3.

Revenue = Percentage to total cost ratio × Contract price.

Contract price = $780 million

For 2018, Revenue = 0.1 × $780 million = $78 million

For 2019, Revenue = 0.6 × $780 million = $468 million

For 2020, Revenue = 0.3 × $780 million = $234 million

3 0
2 years ago
NBB's focus on sustainability, whimsy, and fun is clearly rooted in its Colorado-based culture and the ethos of its founders and
Assoli18 [71]

Answer:

To help expand New Belgium’s brand(NBB) image to consumers in different other parts of the country, NBB will have to link advertisements to the company’s social network pages. This would be the most efficient and effective way to stream advertisement to new countries, or different other parts of the country.

Explanation:

NBB carries a strength of knowing their brand. With an expansion making use of branding and communication strategies, they would have succeed in their goal of being a unique culture remaining committed to their initial mission of being a fun, socially, and environmentally responsible company. For the company to maintain its whimsical and personal touch with consumers, NBB should spring forth new ideas to communicate with consumers, this will keep the customers updated and make them interested in staying loyal to the company.

8 0
2 years ago
(a. how much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded quarterly fo
Eva8 [605]
Your answer will be B. $133.10
5 0
1 year ago
Although most international business is conducted in English, levels of comprehension can vary. How can you enhance your oral co
Arturiano [62]

The following from the given are the ways that would enhance the oral communication skills internationally,

  • Option A: Follow up in writing.
  • Option B:  Accept blame.
  • Option E: Encourage accurate feedback.
  • Option F: Smile when appropriate.

<u>Explanation:</u>

Oral communication can be said as the most easiest and fast way of conveying the message or the information. It is more important to develop the oral communication skills for each and every individual.

The following are some of the steps to upgrade the level of language and communicating ability internationally,

Listen - Keep listening whenever the other person speaks.

Accept the mistakes - This will help in rectifying the errors.

Body language - It is not only the words but the gestures of the individual speaks too. So, try to be more appealing when it comes to body language.

Watch your tone - Maintain the right tone in the right place.

6 0
2 years ago
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