Answer:
Business economics often handles the analysis of various costs that business firms incur. Every business always desires to minimize their costs and maximize its profits by embracing different economies of scale. Nonetheless, the firms fail to determine exact costs that are involved in the production process.
<span>While all professional sport seem to have a rising fan cost index the NFL has the highest with a fan cost index of $473 per fan. Making it more than double the average fan cost of the MLB and about $100 more than the NBA and NHL.</span>
The part of the business cycle given that shows a period of contraction is <u>Point B. </u>
<h3>Why does point B show contraction?</h3>
When the economy is in a period of contraction, the business cycle would show a fall from the peak to the trough.
The peak is point A and the trough is Point C. Point B shows the fall from A to C which means that Point B must be the contraction.
In conclusion, option B is correct.
Find out more on the business cycle at brainly.com/question/26086110.
Answer: a. Demographic and Economic .
Explanation:
In Mayor's clinic analysis of the future, it was stated that both the economic and demographic trends looked bleak.
Answer:
time limitations in limited marginal utility; limited income and wealth
Explanation:
Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.
The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.
On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.
