<span>- Europeans were in fear from raids (Vikings and Magyars)
- No strong central government so local leaders had to protect
</span>
<span>The
mechanism establishing natural price by Adam Smith connects with effective
demand and free competition. If you cut the supply of goods, the demand for
them is higher. Because of this, there competition between buyers. Afraid not
get the right product, they agree to buy it at a higher cost. The market price
will rise. When supply and demand are roughly equal, the market value
corresponds to approximately natural.</span>
I would say the best three answers for this question are <span>B. A high cost to society for education C. An increase in the general risk of getting an STD/STI D. Economic costs. Generally, STIs/STDs do not have a positive affect on anything</span>
The first alternative is correct (A).
<u>The marginal cost is a microeconomic measure that aims to measure the effectiveness of the production of a given good by a company.
</u>
The marginal cost content is simple. Marginal cost is cost if you produce ONE more unit of good. For example, if I have a firm that produces chocolate and my daily output is 10 bars of chocolate per day. The marginal cost is how much it costs to produce one unit more than I normally produce, that is, the cost of the 11th bar.
The graph of pie production, initially the marginal cost is decreasing, up to the third pie. From the fourth pie, the marginal cost starts to increase steadily. This is because the company has a limited production structure, that is, three pies are produced efficiently by employees and inputs. However, as production increases, more employees must be hired, and if space is limited, each employee's productivity decreases. For example, if the company had 1 employee who produced up to 3 pies. When you hired another one, the efficiency has decreased because there is only one mixer, that is, while one employee produces the other, he has to wait.
In this way, marginal cost serves as a measure of an enterprise's efficient production rate.
