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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

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What is the term used to describe a temporary low supply of a good or service?.
Leviafan [203]

Answer:

That would be a shortage.

                   

3 0
2 years ago
risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have lon
Ilya [14]

Answer:

Price Risk, Reinvestment Risk, Investment Horizon and Longer maturity Bond.

Explanation:

  • Price risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have long maturities than on bonds that will mature in the near future.
  • Reinvestment risk is the risk that a decline in interest rates will lead to a decline in income from a bond portfolio. This risk is obviously high on callable bonds. It is also high on short-term bonds because the shorter the bond's maturity, the fewer the years before the relatively high old-coupon bonds will be replaced with new low-coupon issues.
  • Which type of risk is more relevant to an investor depends on the investor's investment horizon, which is the period of time an investor plans to hold a particular investment.
  • Longer maturity bonds have high price risk but low reinvestment risk, while higher coupon bonds have a higher level of reinvestment risk and a lower level of price risk.
8 0
3 years ago
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
rusak2 [61]

The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

<h3>What is the lettuce market?</h3>
  • Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
  • Since colonial times, lettuce has been farmed in the United States.
  • The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
  • Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
  • In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
  • Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.

As a severe drought has damaged this year's lettuce crop.

Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

Know more about the lettuce market here:

brainly.com/question/13180141

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Complete question:

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____

A. decrease in the demand for lettuce.

B. rightward movement along the demand curve for lettuce.

C. a decrease in the supply of lettuce.

D. a decrease in both the demand and supply of lettuce

6 0
2 years ago
According to business analyst Scott Anthony, identifying opportunities requires understanding of:_________
Maurinko [17]

Answer:

the 5Cs of opportunity identication:

1. Circumstance

2. Context

3. Constraints

4. Compensating behaviors

5. Criteria

Explanation:

According to Scot Anthony, to identify opportunities it's important to understand the 5Cs of opportunity identication.

1. Circumstance: Know the specific problems which your customers care about and how they get solutions to it.

2. Context: Know what the customer did in the past and work around it to present something realistic.

3. Constraints: Get to understand customers' barriers and constraint.

4. Compensating behaviors: Understand the compensations that engage your customers.

5. Criteria: In order to know a good solution, it's important to understand the criteria that matter to your customers.

8 0
3 years ago
The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the
ArbitrLikvidat [17]

Answer:

A. elective surgery due to its lower marginal utility per dollar of expenditure.

Explanation:

As there is non essential elective surgeries, as from government's point of view since it is non essential that is not required and not utilized by major citizens of the country, and since there is requirement of budget cut-down. The government shall remove elective surgery.

as the amount of expenditure involved in these surgeries is also high and the resulting utility for each surgery is really low, it shall be removed.

5 0
3 years ago
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