When an company makes much profit the business will florish and prosper.
Answer:
Marginal opportunity cost is the number of units of good 1 that are sacrificed for producing an additional unit of other good.
A) If we increase the production of butter from 1 to 2 then Guns production decreases from 36 to 26. Thus opportunity cost of second unit of butter is 10 guns.
B) Total opportunity cost of 2nd unit of butter = 18 guns
C) marginal opportunity cost of producing the third unit of butter = 12 Guns
D) Total opportunity cost of third unit of butter = 30 Guns
Answer:
It is used by Fed to manage the economy by increasing or decreasing the amount of loans being made
Explanation:
The Fed decides on required reserve ratio for the banks and other financial institutions; t can lower or raise it. Reserve ratio is the portion of all the money that bank are required to sets aside and hold onto; this means they are not allowed to lend that out to borrowers. This is a technique that is used to control the supply of money in the economy. By decreasing this ratio, banks will have more money to lend out and vice versa.
The <span>agency which enforces truth in advertising laws and defines deceptive and unfair advertising practices is the FTC, or the Federal Trade Commission </span>
