Answer:
True
Explanation:
An increase in the cost of production would cause some producers to stop production, supply would fall and the supply curve would shift to the left.
I hope my answer helps you
Answer:
<em>Countries will completely specialize in the product in which they have a comparative advantage if free trade is allowed to occur. ( first choice)</em>
Answer:
A. last; equal to
Explanation:
Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.
A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.
The marginal cost of Labour should equal to the marginal product of labour
Answer:
Oil is not recommended for cooking fresh pasta
Explanation:
Oil is not recommended for cooking fresh pasta
Hope this helps
If you need to indicate the missing ammount of each letter in the grahp then it will be like follows:
For the first case:
A = $9,600 + $5,000 + $8,000 = $22,600$22,600 + $1,000 – B = $17,000
B = $22,600 + $1,000 – $17,000 = $6,600$17,000 + C = $20,000
C = $20,000 – $17,000 = $3,000
D = $20,000 – $3,400 = $16,600
<span>E = ($24,500 – $2,500) – $16,600 = $5,400
</span><span>F = $5,400 – $2,500 = $2,900
</span>And now for the second case:
G + $8,000 + $4,000 = $16,000
G = $16,000 – $8,000 – $4,000 = $4,000$16,000 + H – $3,000 = $22,000
H = $22,000 + $3,000 – $16,000 = $9,000(I – $1,400) – K = $7,000(I – $1,400) – $22,800 = $7,000
<span>I = $1,400 + $22,800 + $7,000 = $31,200
</span>J = $22,000 + $3,300 = $25,300
K = $25,300 – $2,500 = $22,800$7,000 – L = $5,000
<span>L = $2,000</span>
