Explanation:
Capital: The most important city or town of a country or region.
Capital goods: Goods that are used in producing other goods, rather than being bought by consumers
Answer
The question is incomplete; assuming that the market price is $5.
The answer will be consumer surplus decreases.
Explanation:
Consumer surplus is a measure of consumer welfare. It is measured as the difference between what customers are willing and able to pay for a good and the price they actually pay.
Answer:
Option C
Explanation:
This paper looks at the prospects for union renewal in Canada and the United States comes from a study and analysis of recent trends in activism, collective bargaining and political action. While workers have dedicated significant effort and money to new measures, the overall investigation points us to assumptions which are largely negative.
The degree and trajectory of union density levels suggests that in order to pursue sustainable recovery, the two labor groups lack the structural structures and public policies.
The answer is $48.
The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. $48 is the opportunity cost, assuming the seller sells internally
It is calculated as follows:
Opportunity cost= Production cost- Outlay cost
= 60-12
=$48
Opportunity costs represent the potential benefits which any individual or investor, or any business misses out on when choosing one alternative over another.
Because the opportunity costs are generally unseen by definition, they can be easily overlooked. Understanding of the potential missed opportunities when any business or any individual chooses one investment over another investment allows for better decision making.
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