Idk can it you do the work
A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.
Explanation:
A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.
Answer:
A rrespuesta A espero sea correcta
Answer:
<u>Economies Of Scale</u>
Explanation:
Average total cost(ATC) refers to total cost incurred per unit of output produced.
ATC at level of 90 canisters = $1050/90 canisters = $ 11.67 per canister
ATC at level of 120 canisters= $1200/120 canisters = $10 per canister
As can be seen, the average total cost has reduced.
Economies of scale is defined as the phenomena when in the long run, average total cost reduces along with an increase in the output.
The reasons attributable to this phenomena being, increase in labor efficiency and better utilization of resources coupled with bulk quantity of inputs purchased at a lower cost, which lowers the cost of production in the long run.