Answer:
stabalize econmic U.S.A. items and to keep everything in order
Explanation:
The law of diminishing marginal returns---<u>explains why the average </u><u>total costs</u><u> and</u><u> marginal cost curves </u><u>are U shaped in the </u><u>short run.</u>
<u />
Option C is correct.
<h3>What is the law of diminishing marginal returns?</h3>
The law of diminishing marginal returns states that when a firm uses more than one variable factor of production for a given fixed quantity of factors of production, the marginal product of the variable factor of production that will eventually drop.
<h3>Why is diminishing profit margin important?</h3>
The law of diminishing marginal returns is one of the fundamental principles of economics and is very important in finding the right balance of production in an organization. Regardless of the nature of the business, understanding the law of diminishing marginal returns will have a direct impact on its performance.
Learn more about law of diminishing marginal returns :
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It equals economic <span>growth because of the income of what they get from the other state</span>
Answer:
D. Cathy should specialize in pies, and Lewis should specialize in cakes
Explanation:
For determining which statement is correct first we need to find out the
Cathy Opportunity cost for making a pie is
= 1 ÷ 1.5
= 0.66 cake
Now for making a cake is
= 1.5 ÷ 1
= 1.5 pies
Lewis opportunity cost for making a pie is
= 1.5 ÷ 2
= 0.75 cake
And for making a cake is
= 2 ÷ 1.5
= 1.33 pies
Therefore the option D is correct
