Answer:
The correct answer is: It allows economists to isolate or focus attention on selected variables.
Explanation:
The word ceteris paribus means other things being constant. The working of an economy is very complex, each variable is affected by a number of variables. It is difficult to understand all the complex relationships at the same time.
The assumption of ceteris paribus or other factors being constant helps the economists in isolating the variables that they want to study while keeping others constant.
It simplifies the study of economic models and helps to easily grasp the working of the economy.
Answer:
The correct option is C
Explanation:
Gross Domestic Product is the final value of the total amount of goods produced within a country's geographical boundary in a period of time. GDP can be calculated in 3ways using expenditure, production, or incomes.
When a monopolist's level of output is not at the minimum point of <u>average total cost</u>, this means it will not be productively efficient.
<h3>What is an
average total cost?</h3>
An average total cost refers to a cost derived from total fixed and variable costs divided by total units produced.
In conclusion, this cost is used to evaluate how the total per-unit cost change as a result of output
Read more about average total cost
<em>brainly.com/question/25109150</em>
<span>B. Debit Card is the payment type that is best if you are trying to stick to a budget because it deducts money directly from a consumer’s checking account to pay for a purchase. Unlike credit cards, they do not allow the user to go into debt.</span>
Answer:
Less than half of fraud cases.
Explanation: Fraud is the intentional use of false or misleading information in an attempt to illegally deprive another person or entity of money, property, or legal rights. In order to constitute fraud, the party making the false statement must know or believe that it is untrue or incorrect and intended to deceive the other party.
