This topic contains a solution. Click here to go to the answer

Author Question: Most app developers have adopted the business model of A) charging a between 1.99 and 2.99 for ... (Read 135 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
Most app developers have adopted the business model of
 
  A) charging a between 1.99 and 2.99 for their apps to be downloaded.
  B) allowing their apps to be downloaded and used for free, while trying to still earn money from users.
  C) charging a small fee for their apps to be downloaded.
  D) allowing their apps to be downloaded to one device for free, but charging a high price for the apps to be downloaded to additional devices.

Question 2

Why do some firms use large amounts of capital and small amounts of labor while others use small amounts of capital and large amounts of labor?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

B

Answer to Question 2

The mix of resources used, such as large amounts of capital versus small amounts of capital, depends on economic efficiency. Economic efficiency is based on minimizing the value of the resources used, not the quantity. A firm will use the mix that produces output at the lowest possible cost, without regard to specific physical quantities or ratios of inputs. As the cost of capital decreases relative to the cost of other resources, capital-intensive production methods will become economically efficient and firms will avoid labor-intensive methods.




Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

For a complete list of videos, visit our video library