Define the terms Plant, Firm
Define the following terms?
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1. Plant: physical establishment where production or distribution takes place (factory, farm, store).
2. Firm: business organization that owns and operates the plants. (The legal entity)
3. Industry: a group of related firms, producing the same or similar products.
a. Examples include the automobile industry or the tobacco industry.
b. Confusion often occurs because many businesses are multiproduct firms.
One of my friends can't discover the answer of this question. Give solution of this question. Neoclassical production and cost theory is more realistic than and cost theory and heterodox production. Discuss.
Give a brief introduction of the term Risk factor?
Questions: 1: Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice. Q : Contrast a vertically integrated firm Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Explain the cause of Trade barriers?
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A grocery store chain is considering ways to improve the performance of the waiting lines at their checkout stands. A heavily trafficked checkout stand is monitored for 120 min. In that period, 60 customers have their groceries rung up, and depart from the store. The
True or false? “U.S. exports create a demand for foreign currencies; foreign imports of U.S. goods generate supplies of foreign currencies.” Explain.
Briefly describe the meaning of Modigliani- Miller (M and M) approach?
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
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