Answer:
d) Textiles
Explanation:
After the Civil War the production of textiles became even more important. The production had been going prior to the war, and afterwards they had raw materials ready to be used, also now people has a better idea of the right development of the industry.
This brought an upcoming era of entrepreneurs promoting a new concept of industrialization.
Answer: B. Economies of Scale.
Explanation:
ECONOMIES OF SCALE is a situation where costs are reduced because production rises. This is usually the case with larger firms because they are able to produce more goods which translates to the fall of their cost per good.
For example, a firm has fixed costs of $3000 regardless of if they produce 10 products or 100. If they produce only 10 then it's $300 per product in cost as opposed to producing 100 which is $30 per product in cost. The problem is that only larger firms could be able to produce above 10 goods.
The Houston based funeral house is considered a GIANT so they are probably benefitting from ECONOMIES OF SCALE.
B. If u want to hear shut the door
Answer:
Emily's opportunity cost of producing 1 milkshake is 1 ice cream sundae.
Ben's opportunity cost of producing 1 milkshake is 0.5 ice cream sundae.
Explanation:
Both Emily and Ben own an ice cream parlor.
In an hour Emily can produce 40 milkshakes or 40 ice cream sundaes.
Emily's opportunity cost of producing a milkshake is
= 
= 
= 1 ice cream sundae
In an hour Ben can produce 20 milkshakes or 10 ice cream sundaes.
Ben's opportunity cost of producing a milkshake is
=
= 
= 0.5 ice cream sundae
We see that Ben has a lower opportunity cost of producing milkshake, so we can say that he has a comparative advantage in producing milkshake.
Answer:
According to Jefferson's Declaration of Independence, all men are created equal and have the right of Life, Liberty and the Pursuit of Happiness. On the other hand, Locke stated that men's inalienable natural rights are "life, liberty, and property." The difference is barely noticeable. For Locke, "property" actually meant more than just goods and properties, referring to possession of one self and the right of welfare.
