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mr Goodwill [35]
2 years ago
14

Total Costs (dollars)

Business
1 answer:
Andrei [34K]2 years ago
6 0

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

<h3>Why is the curve as stated about?</h3>

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

Read more about total cost

<em>brainly.com/question/5168855</em>

#SPJ1

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Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds. What ki
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The price control that could generate excess supply is to increase the price to 75 cents which would give the suppliers an incentive to supply since the potential profits have risen.

Explanation:

Market equilibrium can be defined as the point where market supply and market demand are equal,leading to stabilization of prices. The forces of supply and demand usually control the price at which goods and services will be set. Economists like Adam Smith utilized the concept of the free market to stipulate that the forces of supply and demand in a market will no government interference always push the market to it's equilibrium. Equilibrium generally means that the forces in the market have no incentive of changing their behavior.

Supply can be defined as the act of making something available to someone. In the context of an economy, the suppliers make goods and services available to the consumers. Demand on the other hand is the quantity of a good or service that consumers are willing purchase at a certain price. When demand exceeds the supply, the suppliers increase the price and when the supply exceeds the demand, the price drops.

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What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Artist 52 [7]

Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

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Therefore, the Option is correct.

Missing options <em>"Couples only Empty nesters No bicycles allowed Senior discount"</em>

<em />

Read more about Discount

<em>brainly.com/question/912869</em>

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