Answer:
<em>a. law of increasing relative cost</em>
Explanation:
In economics, the law of increasing costs <em>is a theory which states that once all production factors (land, labour, capital) are at maximum output, it will cost more than average to produce.</em>
As production increases, the opportunity cost will also increase.
In such a nut-shell, markets and countries are trying to strike a balance on how to handle resources whilst using the goods to achieve the best possible productivity and revenue.
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Answer:
Informed
Explanation:
An informed voter is up to date on current issues and the policies of all of the candidates
Scientific management of a factory's workforce will make the factories output <span>more productive. Scientific management monitors the movements of each employee i</span><span>n order to make them more efficient.
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Price support will be beneficial to producers but costly to consumers.
Price support refers to efforts by a government to keep the price of a commodity higher than it should be were it priced based on supply and demand.
Ways the government can do this include:
- Subsidies
- Production quotas - limiting the quantity produced
- Price controls
Price supports make prices higher than they should be which would give producers more profit therefore tennis racket producers benefit.
On the other hand, they make things more expensive for consumers who will be forced to spend more than they usually do on tennis rackets thereby making it costly to them.
In conclusion, price controls help producers but are costly to consumers.
<em>Find out more at brainly.com/question/2124058.</em>
