Answer:
the products than to customer needs.
Answer: Dr. Bostwick was able to provide medical services that did not satisfy his own wants, so he exchanged those services for money that he used to buy things that did. Professor Boudreaux had money but desperately wanted a pediatric gastroenterologist to treat his son.
Explanation:
Trade generates value by transferring goods or services from those who value them less to the people who need them more. The only way people can decide to specialize in the making of a single good or service is because they already know they can trade it for other goods they do need.
In the video 'How the Division of Knowledge Saved My Son's Life', Professor Boudreaux explains that it was thanks to Dr. Bostwick specialization on pediatric gastroenterology that his son´s life was saved.
Answer: diminishing marginal product
Explanation:
A. When a firm in the market increase its level of production it results in reduction of cost which is called economies of scale.
B. Increase in cost that resulted due to unnecessary increase in level of production is called diseconomies of scale.
C. Increasing marginal product can be defined as the increase in output resulting due to employment of one more unit of input such as labor.
D. Diminishing marginal product can be defined as the decrease in output resulting due to employment of one more unit of input such as labor.
From the above explanation we can conclude that right answer is diminishing marginal product .
Answer:
Vacoule
Explanation:
vacuole can be regarded as membrane-bound organelle. They can be found in cell of fungi as well as plant, I could also be found in some of the bacteria and protist cell.Those that are found in animal cell do sequester waste products in the cell, and those in plant cell helps in maintaining water balance. In plant cell, just single vacoule could take up so much space.It should be noted that Large membranous sacs are more prevalent in plant cells and some protozoa than in animal cells. These sacs in plant cells might function in vacoule.
Answer:
$3,716,050
Explanation:
FV = PV × (1 + i)∧n
Present Value (PV) 3250000
Interest Rate (i) 0.015
Number of years (n) 9
(1 + 0.015) ∧ 9
3,250,000 x 1.1434
=$3,716,050
