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vivado [14]
2 years ago
15

A fundamental notion of economic analysis is that all households and firms must make choices because of?

Business
1 answer:
lara31 [8.8K]2 years ago
4 0

A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity.

<h3>What is Economic analysis?</h3>

Economic analysis essential involves the evaluation of of costs and benefits relative to a countries financial reports.

It can be used also for projects based on the benefits of the projects and the viability of the project.

It helps o know how resources are distributed  and the overall impacts the project is making. If the analysis is not well done there can be shortage of resources or scarcity of resources, products and goods.

Therefore,

A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity..

Learn more on Economic analysis below

brainly.com/question/24514964

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A monopolist maximizes profits at the output at which marginal revenue equals marginal cost.

<h3>Who is a monopolist?</h3>

It should be noted that a monopolist simply means an individual that controls the sale of a particular good in the market.

In this case, a monopolist maximizes profits at the output at which marginal revenue equals marginal cost.

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