The average compound return earned per year over a multi-year period is known as the geometric average return.
<h3>What is an Average Return?</h3>
An average return is a mathematical average value of a number of returns generated over a specific period of time. An average return helps in measuring the past performance or portfolio of an individual or government.
When an average compound return is earned per year over a multi-year period, then it is known as the geometric return of that individual or government.
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Answer:
Economies of scale
Explanation:
As the production increases, the cost per unit of a single product type decreases.
Answer:
A Recession happened.
Explanation:
When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.
