Answer:
<h2>The answer in this case is the last option given in the answer choices or list which is the falling unit production cost of a company.</h2>
Explanation:
- An experience or learning curve is a graphical curve which shows the relationship between the per unit production cost of any good or service incurred by any firm or company and the overall volume or quantity of output produced by the firm or company.
- A downward sloping experience or learning curve implies a negative or inverse relationship between the per unit production cost of any firm or company and the total volume or quantity of output produced by it.
- When the experience or learning curve is downward sloping,it essentially implies that as the firm or company expands its overall production or output level,it gains increasing experience or learning on how to control and reduce the average cost of production and simultaneously increase production level which can generate higher sales revenue,thereby,increasing the profit level.This basically refers to economies of scale in Microeconomics and is indicative of long term productive efficiency which is desirable by any firm or company to ensure sustainable profitability.
Answer:
No: the equilibrium point in a competitive market is the point of optimal market efficiency.
Explanation:
NO, the monopoly can never be more efficient than the perfectly competitive market because the competitive market is the point of optimal market efficiency and the monopoly will produce at the point where the MR and the MC are equal. here the market have excess capacity and a dead weight loss.
How much money to give federal agencies
He is liable under negligence, which is the failure to take proper care or do something that is normally expected in the course of the work. As the owner of the business, he would have normally been expected to provide a safe hazard-free environment for customers.
Answer:
see below
Explanation:
Inflation refers to the gradual increase in the general prices of goods and services in the country over time. Increased economic activities in a country lead to an increase in the money supply, which leads to inflation. Inflation results in a reduction in the purchasing power of a country's currency.
A currency losing its purchasing power means one unit of money will buy fewer items than it could in the previous period. The inflation rate is measured using the consumer price index system. The system compares the price of a basket of consumer goods between different periods. An increase in the price of the basket means the currency will buy less of the basket, implying a decline in the currency strength.
Deflation is the opposite of inflation. Deflation is a decrease in prices. It results in the strengthening of a country's currency or increased purchasing power.