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A: Average Total Cost (ATC) can be calculated by dividing the Total Cost (TC) by Quantity (Q).
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A: To find : Total expenditure of consumer of the good.
What is SUPPLY CHAIN MANAGEMENT in simple words, and examples of it?
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- What does the high transaction costs associated with a barter system refer to?Senator Ernest Hollings once wrote that "consumers do not benefit from lower-priced imports. Glance through some mail-order catalogs and you'll see that consumers pay exactly the same price for clothing whether it is U.S.-made or imported."Is the statement that the Senator made a true statement or a false statement? True FalseWith respect to supply and demand, please give a specific example where a supply and demand were impacted by the lockdown. What impact did it have on the price of that good or service? What alternatives were available to avoid purchasing that good or service?
- Why is it that small business is more effective than big business in small or isolated markets?The supply chain is a convenient notion, but organizations are only really interested in making products that they can sell to customers. Provided they have reliable supplies of materials, and reasonable transport for finished products, logistics is irrelevant. Do you think this is true? Explain why.Define the following terms Nationalisation Stagflation