<span>Fiscal policy allows the government to adjust taxes and government spending during times of recession and in times when the economy is doing really well. During a recession the government will often lower taxes and interest rates and increase government spending in order to boost the economy. When the economy is going well, tax rates and interest rates will be increased and government spending will be slashed in order to create a surplus for harder times when the government needs to spend more.</span>
Forty plus five plus six tenths plus three hundreths
Answer:
Explanation:
Mean can simply be define as the average of a set of numbers.
$400 and $3,800 per year is spends on all types of insurance.
A= 400
B= $3,800
Using the formula:
u = a+b/2
=$400 +$3,800/ 2
=$4,200 /2
=$2,100
Therefore the mean amount spent on the insurance is $2,100
A natural monopoly, such as a local telephone company, is characterized by economies of scale.
Economies of scale refers to the cost advantages which are experienced by companies as they grow and become more efficient.
An economy of scale is realized when any company increases in size and is able to spread out the cost of production over a larger number of units of a good.
Companies use economies of scale to maximize the efficiency of their production and the profits are maximized.
As the company produces more units of a good, the cost per unit goes down because operating and overhead costs get spread out over more units of the products which leads to the increased margins.
This is one reasons why a smaller company will charge more for a product than a larger company making the same product.
To know more about economies of scale here:
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