Answer: Microeconomics is the study of changes in price in the price of commercial real estate.
Explanation:
Microeconomics is the study of the behavior of individuals, households and firms in making decisions and the allocation of resources. Microeconomics deals with individual issues and applies to the markets of products. In microeconomics, the economy is studied at an individual level. Examples of microeconomics are demand, price level, supply and competition.
Apart from Microeconomics is the study of changes in price in the price of commercial real estate(option A), every other options deals with the economy as a whole. The other options are macroeconomic issues and not microeconomic issues.
Answer:
B- Encourages innovation because successful innovators are rewarded with economic profits.
Explanation:
The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.
When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an<em> increased customer base, increased effectiveness and increased customer satisfaction</em> by meeting needs through fresh ideas. This creates a <em>consequential rice in profits which is the major target of every profit making organization.</em>
Answer:
c. machines watching people
Explanation:
Machines watching people refers to a phenomena whereby via employment of specialized machinery, an organization is successfully able to observe the activities of it's customers and at the same time also track data relating to their identity and other credentials.
In the given case, the sophisticated system entails deciphering the customer shopping pattern and the merchandise sold during a period whereas the payment mechanism of cards also helps in tracing down the identity to ensure no unscrupulous person can go unnoticed.
Thus, it's a case of machines keeping a watch or surveillance on the customers and their identity.
A multinational corporation will fully benefit from economies of scale when its establish a subsidiary in a new market that can sell products produced elsewhere which allows for increased production and thus possibly greater efficiency.
<h3>What is an
economies of scale?</h3>
This refers to a situation whereby the average costs per unit of output decrease with the increase in output being produced by a firm.
Hence, it is agreed that any multinational corporation will be able to fully benefit from economies of scale when its establish a subsidiary in a new market that can sell products produced elsewhere.
Therefore, the Option D is correct.
Read more about economies of scale
<em>brainly.com/question/972118</em>
#SPJ12
