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2 years ago

Which of these facts about a region are most helpful in understanding the region's economy?

1 answer:

4 0

The average age of the population, the location of major cities, shipping ports, and beaches, as well as the climate, are all important aspects to consider while attempting to comprehend the local economy.

This is further explained below.

<h3>What is the economy?</h3>

Generally, The creation, distribution, and exchange of products and services, as well as their consumption, all take place inside an economy. As a social domain, it is characterized by an emphasis on the "creation, use, and management of finite resources" via behaviors, discourses, and tangible manifestations.

In conclusion, When trying to get an idea of a region's economy, it is important to look at a number of different elements, such as the typical age of the population, the location of major cities and shipping ports, the climate, and the beaches.

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Advertisements are implicit promises. Thatâ€™s one reason you are so frustrated when you go to the store to buy an advertised pr

Nezavi [6.7K]

Answer:

True.

Explanation:

Implicit promises are those promises that are made but not clearly stated and thus is not understandable. Therefore, in advertisements that make implicit promises, very often the customers fail to analyze the complete message and return frustrated after their expectations are not met.

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3 years ago

Anna Garden recently opened her own basketweaving studio. She sells finished baskets in addition to selling the raw materials ne

sleet_krkn [62]

Answer and Explanation:

As per the data given in the question,

Net income per unit = sale per unit - total cost

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Sales per unit $22 $34 $12

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3 years ago

Read 2 more answers

Applying the concept of marginal costs, how would you, as a business owner, decide how much to produce?.

saveliy_v [14]

To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale to optimize production and overall operations.

<h3>What is marginal cost?</h3>

The marginal cost in economics is the change in total cost that occurs when the quantity produced is increased, or the cost of producing additional quantity.

According to the law of declining marginal utility, as consumption increases, the marginal utility obtained from each extra unit decreases.

Marginal cost is an important concept in economic theory because a corporation seeking to maximise profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.

To know more about marginal cost follow the link:

brainly.com/question/11689872

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2 years ago

Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost

Tju [1.3M]

Answer: The opportunity cost of producing 1 apple will be 1 orange.

Explanation:

Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.

In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.

This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.

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3 years ago

A market supply schedule shows the relationship between <br><br><br> please!!!!!!

Phantasy [73]

Answer: A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.

Explanation: I HOPED THAT HELPED,!

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3 years ago