Answer:
If the social cost of an activity exceeds the costs relevant to the decision makers in the activity , there is an external diseconomy . If the benefits of an activity exceed its marginal cost , there is an external economy .
Explanation:
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Answer:
correct option is C. Economies of scale
Explanation:
we know here that Margaret expend his business by 20 more people
so we can say according to given this is Economies of scale because
Economies of scale is cost advantage that the business can be exploit by the expand scale of production in long run
and effect is reducing long run average cost of production over the range of output and lower cost is improvement of productive efficiency
it can feed in form of lower market prices
they give business competitive advantage in the market and lead to lower price but high profit
so we can say correct option is C. Economies of scale
Answer:
The installers and experts are self employed because;
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Standard Oil of Connecticut, Inc has no influence over the work other than finishing the venture by a specific time and the installers and experts can pick the days wherein they need to work.
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The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.
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The work isn't done heavily influenced by business. Professionals and installers are not managed by Standard Oil of Connecticut, Inc and they don't assess their work.
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The devices are not given by the business and the installers and experts utilize their own gear and instruments.
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The installers and experts are utilized for a specific time-span till the fulfillment of the undertaking and are not utilized for long.
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The strategy for installment is through a set rate for every venture and not by time-frame.
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The installers and professionals are authorized and affirmed by the state and are having particular abilities which are not increased through the business.
Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.
