Answer:
the level of real GDP that exists when the economy is experiencing only frictional and cyclical unemployment.
Explanation:
Potential GDP output is the highest level of real GDP that an economy can achieve over a sustained period of time and at a constant inflation rate. Potential output is reached when the natural rate of unemployment exists.
Natural rate of unemployment = frictional + structural unemployment
An economy can temporarily reach an output level higher than potential, but it will cause a surge in the inflation rate that will soon lower real GDP.
Answer:
Total Cost is the cost that is fixed and does not vary directly with the level of output. According to this question typesetting, printing, editing, reviews, promotion, and advertising are fixed costs. The total fixed cost here is $100000.
Total Variable Cost is the costs that vary directly with the level of output. Variable costs are incurred on variable factors. The Total Variable Cost here is $49000.
Marginal cost is addition to the total cost when one more unit of output is produced.
<u>EQUATIONS
</u>
TC = 100000 + 4.9Q
ATC = 100000 + 4.9Q / Q
AVQ = 4.9Q / Q
MC = Change in Total Cost / Change in Quantity = 4.9
<u>GRAPH</u>
Is attached as picture.
Conclusion: The AVC and MC both are equal to 4.9.
In 1679 , New hemisphere was separated from Massachusetts.
New hemisphere become a royal colony of the british crown.
Answer:
The definition including its issue is listed throughout the clarification segment section.
Explanation:
- Christian businessman's justification becomes different from the traditional pioneering explanation. Christian groundbreaking purpose is bound up with devotion to and service to God. That businessman would have to be an investigator of righteousness, represent others, and use enterprise mostly as a tool to honor him.
- Those individuals know that a creative corporation needs major responsibilities. And throughout the most part, sufficient data are not available to completely perpetuate preferences. In this way, the Christian budding entrepreneur has been transformed into something like a committed, courageous man, with even a peril based around the conviction.
The Church businessman is drawn to something like an actual situation of competence throughout management, but he characterizes that perhaps the expense of skill would have been unintentional dissatisfaction as well as shortcomings.