Answer:
A. Holiday lights in mid-December: Scarce on occasion: Holiday lights are only scarce on holiday season when the demand increases.
B. Air regardless of quality: Not scarce
: Only high quality air (clean) is scare.
C. Land: Inherently scarce: No matter what we do, our planet is only one.
D. Patented goods: Artificially scarce: Patents are scarce because a law protects them.
E. Original Picasso paintings: Inherently scarce: Picasso is dead, so he cannot paint anymore.
Answer:
I believe its B.
Explanation:
C and D don't make any sense since it is impractical to suffer during the hot months, and A is wrong (I believe) since the budget needs to be shifted to bring attention to the AC. So by elimination its B.
Answer:
c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)
Explanation:
Profit is maximised at MR= MC and price is greater than MC for monopoly.
Strategic partnerships are seen as one of the foundations of supply chain management.