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3 years ago

If a market produces a level of output that exceeds the competitive equilibrium output, then

Business

1 answer:

lawyer [7]3 years ago

3 0

Answer:

c) marginal cost will exceed price.

Explanation:

Marginal cost, the cost per additional unit sold, is calculated by dividing the change in total cost by the change in quantity. The formula for marginal cost is: Ordinarily, marginal cost changes as the firm produces a greater quantity

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How do Charities avoid paying the taxes that other firms must pay

Bess [88]

Because they support people

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3 years ago

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Recently, the U.S. national income accounts have switched to calling government purchases a. government wages, salaries, and inv

ludmilkaskok [199]

Answer:

The answer is B.

Explanation:

Government spending is one of the components of Gross Domestic Product(GDP) and it includes all the government expenditures(its consumption, transfer spending and investment).

Government spends to influence the economy. For example, government increases its spending when the economy activity in the economy is low or to stimulate the economy.

Option B is correct because it encompasses all the government's area of spending while the remaining options mention one or two functions of the government spending and not all.

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3 years ago

Which of the following describes a developing nation?

natima [27]

The one that describes a developing nation is A, a command economy with a low human development index. The developing country or also known as the industrialized nation is a sovereign express that has an exceptionally created economy and progressed innovative foundation with respect to different less industrialized countries.

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3 years ago

If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded, how many belts will Morocco gain compared to the

motikmotik

Answer:

If Morocco produces 120 belts and exports 70 belts:

it will receive 105 swords (= 70 x 1.5)
it will consume 50 belts (its domestic consumption of belts will decrease by 10)

Explanation:

Without trade, Morocco will produce 60 swords and 60 belts and consume them all, but if it engages in trade, it will produce 120 belts.

Morocco's opportunity cost of producing one belt = 60 / 60 = 1
Morocco's opportunity cost of producing one sword = 60 / 60 = 1

Estonia's opportunity cost of producing one belt = 100 / 40 = 2.5
Estonia's opportunity cost of producing one sword = 40 / 100 = 0.25

If Morocco produces 120 belts and keeps current consumption level:

it consumes 60 belts
it can trade 40 belts for 60 swords
it will have a 20 belt surplus production

If Morocco produces 120 belts and exports 70 belts:

it will receive 105 swords (= 70 x 1.5)
it will consume 50 belts

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4 years ago

Each of the following is a tax that adults pay, except _____.

GalinKa [24]

Banking, that's something the government can't tax at all. Its your personal account.

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4 years ago

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