Macroeconomics deals with the short-run variations in economic growth that make up the business cycle
This is further explained below.
<h3>What is
Macroeconomics?</h3>
Generally, The study of an economy's performance overall, structure, behavior, and judgment is the domain of macroeconomics, a subfield within the discipline of economics.
The increase of economic activity is followed by periods of contraction, which together make up a business cycle.
These shifts have repercussions not just for the well-being of the general population but also for the operations of private organizations.
Business cycles are a sort of variation that may be observed in the overall economic activity of a country.
A business cycle is a cycle that consists of expansions happening at about the same time in numerous economic activities, followed by contractions that are equally widespread in nature.
In conclusion, The business cycle is the primary focus of macroeconomics, which analyzes the short-term fluctuations in economic growth that occur throughout it.
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Answer: $11.16 million.
Explanation:
Free Cash Flow Catering Corp Earnings Before Interest and Tax (EBIT) can be calculated by the following formula,
EBIT = Operating Cashflow + Taxes - Depreciation.
Operating Cashflow = Free Cashflow + Investment in Operating Capital
= 8.08 million + 2.08 million
= $10.16 million
EBIT = 10.16 million + 2.08 million - 1.08 million
EBIT = $11.16 million.
Answer:
a.country a has a lower opportunity cost for producing televisions.
Explanation:
Central to the theory of comparative advantage is opportunity cost, opportunity cost is the gain an individual, firm, or government will have to forgo when they choose an option instead of another.
In economics, comparative advantage is achieved when a country can produce goods or services at a lower opportunity cost than others.
The theory of comparative advantage was propounded by David Ricardo in his book 'The Principles of Political Economy and Taxation' (1817).
Therefore country a has comparative advantage in the production of television over country b, if country a has a lower opportunity cost for producing televisions compared to b.
Answer:
Mass Production Era (1860s-1920s): The production era began during the Industrial Revolution. Products were produced in mass and at a low cost. Typically businesses only produced one product at a time. Also during this era, businesses had the mindset of, “if produced, someone will buy” and thus increase profitability.
The correct answer is marginal benefit
Eating another potato chip is a marginal benefit because a marginal benefit is the extra satisfaction that a consumer gets from consuming another unit of a product, which is exactly what happens here.