Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
When it comes to the best operating level, all of the above are correct.
The <u>best operating level</u> is where all resources are being utilized effectively and marginal revenue is equal to marginal cost. If there resources are not being utilized effectively, the following will happen:
- Average unit cost increases as a result of underutilization - the units available are not being utilized effectively which means that the company is incurring more cost than it should per good produced.
- Average unit cost increases as a result of overutilization - units are being overused which is forcing the company to incur expenses to replace the overused resources.
At the <u>best operating level</u> however, average cost will be at a minimum because the goods are being used effectively and efficiently.
In conclusion, it is best for a business when they operate at an efficient operating level.
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Ummmmm I will go with answer A cause at my house its always like that.
Answer: The contract had consideration because Greg agreed to pay $100K for Louis's real estate and the contract had been fully performed
Explanation:
Answer:
1) The GDP deflator for this year is calculated by dividing the - (B) Value of all goods and services produced in the economy this year - using - (B) this year's prices - by the - A) Value of all goods and services produced in the economy in the base year - using - (A) the base year's prices
To calculate the GDP deflator, we divide the nominal GDP for the selected year, by the Real GDP of the base year, and we multiply the result by one hundred.
2) The CPI reflects only the prices of all goods and services - (B)bought by consumers
The CPI is a measure of the change in price of a selected basket of goods and services, usually those goods and services that consumers buy the most, whether they are produced domestically or not.
3) Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - (b) CPI
As explained above, the CPI measures the price of goods and services that are commonly bought by consumers. It does not matter if the good is produced in the U.S. or China.
4) Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - (a) GDP Deflator
It shows up in the GDP Deflator because the good is not a common good purchased by consumers. It is a good only consumed by those involved in the tree cutting business.
