1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darya [45]
2 years ago
8

In microeconomics, the term ___________________ is synonymous with decreasing returns of scale.

Business
1 answer:
allsm [11]2 years ago
4 0

<u>In </u><u>microeconomics</u><u>, the term </u><u>monopoly</u><u>  is synonymous with decreasing returns of scale.</u>

When there are economies of scale in production?

As output increases, the long-run average total cost decreases. The total variable cost of creating five units of output is indicated by the Y-interval between the two curves in the diagram.

Is price and marginal cost equal?

  • In economics, the practice of setting a product's price to cover the additional expense of producing an additional unit of output is known as marginal cost pricing.
  • This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.

Simply put, what is microeconomics?

  • Microeconomics is the study of how people, households, and businesses make decisions and distribute resources.
  • It generally pertains to markets for goods and services and addresses both personal and financial concerns.

Learn more about microeconomics

brainly.com/question/8102286

#SPJ4

You might be interested in
Based on this knowledge, the CEO of U.S. Builders asked his administrative assistant to talk with Teresa and tell her that takin
almond37 [142]

Answer:

U.S. Builders

The problem with the discipline process that U.S. Builders has is:

Implementing the resolution of the disciplinary process.

Explanation:

The correct disciplinary process should follow the following steps:

1. Obtaining an initial understanding of the issue.

2. Carrying out a thorough investigation to establish the facts.

3. Inviting the affected employee to a disciplinary meeting.

4. Conducting  the disciplinary meeting.

5. Deciding on the disciplinary action to take.

6. Confirming and conveying the outcome in writing.

7. Giving the employee the right to appeal.

Implementing the resolution.

4 0
3 years ago
An associate professor of physics gets a $200 a month raise. She figures that with her new monthly salary she can buy more goods
azamat

Answer:

The correct answer is a. Her real and nominal salary have risen.

Explanation:

The term nominal salary refers to the salary literally expressed in money; It is the sum of money paid to the worker for the work done during the stipulated day. When referring to the nominal salary we cannot give ourselves a general idea about the level or real value of the salary. The true value of this salary depends entirely on the level of the prices that correspond to the objects of personal consumption, also on the value of the services that are required, as well as the volume of taxes, among other common expenses.

For its part, the real salary refers to the salary expressed with respect to livelihoods and services available to the worker with his salary; Indicates the amount of consumer items that the worker is able to acquire, as well as services that a worker can buy with his nominal salary (which is handled in the monetary amount that the worker receives)

7 0
3 years ago
An investment that costs $105,000 today is expected to produce the following cash inflows over each of the next five years: $20,
bearhunter [10]

Answer: 1.89%

Explanation:

You can use Excel to find the IRR here:

Investment amount should be first as shown and should be in negative.

The cash flows will then follow each other by year.

Use the =IRR formula to select all the cells and the IRR will show.'

IRR here = 1.89%

6 0
3 years ago
You can spend $100 on either a new economics textbook or a new CD player. If you choose to buy the new economics textbook, the o
Fed [463]

Answer: Option (B) is correct.

Explanation:

Given that,

Cost of new economics textbook = $100

Cost of new CD player = $100

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

As the cost of both the products are identical, so the opportunity cost of buying new economics textbook is the enjoyment of the new CD player.

4 0
3 years ago
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b
Gnom [1K]

Answer:

price of wheat to increase, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

A drought will reduce the supply of wheat thereby causing the supply curve to shift upwards (to the left) leading to an increase in the price of wheat. Since wheat is a basic ingredient in producing bread, an increase in the price of wheat will increase the cost of producing bread. An increase in cost of producing bread will reduce the supply of bread, shifting the supply curve to the right.

Potatoes and bread are close substitutes and therefore, have a competitive demand. An increase in the price of bread will increase the demand for potatoes because rational consumers will opt for a cheaper alternative considering their money income.

5 0
4 years ago
Other questions:
  • Read the passage. What should Jake do? What professionalism skills would he be using?
    13·1 answer
  • What are the major functions of the entrepreneur?
    11·1 answer
  • What is a lurking​ variable?
    13·1 answer
  • What takes place during pre-planning
    15·1 answer
  • Which of the following statements is CORRECT regarding deciding whether an alcohol sale is legal?
    9·2 answers
  • Is this the first time you have taken from the company? Is this the first time you have created an overdraft?"" These are exampl
    9·1 answer
  • During the norming stage of team development, team members: a. are likely to disagree about what the group should do. b. meet ea
    10·1 answer
  • Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made without
    10·1 answer
  • Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one
    5·2 answers
  • What does the video recommend if you notice a lot of fees appearing on<br> your statement?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!