Answer : C: with increases in technology, the aggregate production function shifts up, indicating more output is produced from the same amount of inputs.
Reason: With increase in technology, the same process which requires manpower can be automated and this automation increases the production efficiency which shifts up the production function from the same number of inputs
True................................
Answer:
Opportunity cost
A trade-off
Explanation:
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Trade-off arises where having more of one thing potentially results in having less of another.
<span>Felicia would most likely be diagnosed with dysthymia. Her symptoms have similarities with the diagnosis on dysthymia. It is regarded as chronic depression. The symptoms are similar to depression, but it is less intense and it persists for a longer period of time. The keyword here is “for at least two years”. Dysthymia is usually diagnosed after two years of mild depression.</span>
Answer:
The average tax rate is defined as the total taxes divided by total taxable income.
Explanation:
Because the amount of tax due on the next dollar of taxable income. is incremental tax rate. It is not calculated on revenues.