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Ierofanga [76]
3 years ago
10

Market competition doesn't eliminate scarcity. True False

Business
2 answers:
Artist 52 [7]3 years ago
7 0

Answer:true

Explanation:i just got it wrong it is true

miskamm [114]3 years ago
6 0
False. the answer is false
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The law of diminishing returns indicates that:a. because of economies and diseconomies of scale a competitive firm's long-run av
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Answer:

The correct answer is option c.

Explanation:

The law of diminishing returns states that as we go on employing additional inputs the return or payoff from each unit of input will become smaller or go on declining. This means that after a certain point the total output will start increasing on a decreasing rate as we go on hiring more inputs.

In other words, the marginal product of inputs will go on declining with each additional unit of input employed. As a result after reaching a certain point, the marginal product starts to decline.

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The difference between the economic impact upon a municipality by a convention center as opposed to a stadium or arena built for
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Increased presence of visitor spending

I hope that helped
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An increase in the supply of a product would most likey be caused by
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As a factor of production, how is capital created? A. By adding land to entrepreneurship B. By adding human labor to land C. By
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B

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Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbishe
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Answer:

Revenue variance    $1800<u>  </u>Favorable

Explanation:

<em>Revenue variance is the difference between the actual revenue and the standard revenue from the actual units sold. It is can be determined as follows:</em>

Revenue variance                                                            

                                                                                                $

Revenue from 32 units  (32× 3,800)                                121,600

Actual revenue                                                                   <u>123,400</u>

Revenue variance                                                            <u>   1800  </u>Favorable

Revenue variance    $1800<u>  </u>Favorable

8 0
3 years ago
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