The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
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Answer:
The correct answer is option b.
Explanation:
A steep demand curve implies that the demand is relatively inelastic. In other words, a significant change in price will cause a small change in the quantity demanded.
A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.
A change in price will not cause demand to change if the elasticity of demand is perfectly inelastic or when the demand curve is a vertical line.
A change in demand will be equal to the change in price if demand is unitary elastic.
If there is an expected shortage of copper, you would expect that the price of copper would go up. The law of supply and demand would say that as a resource becomes more scarce, the price would increase.
In this case, a person would want to buy and store copper for the future.
Answer:
B, False
Explanation:
In terms of philosophy, the egoistic refer to a theory in which one should be in a motivation and the objective of its own actions. There is a difference between the egoism and egotism. Egotism refer to an over and above valuation of own importance or own activities
Here it deals with the main concern that what one can demand for and it is towards for the self alone that is not relevant to make uncomfortable for others
Therefore the given statement is false
