The right answer for the question that is being asked and shown above is that: "TRUE." <span>From the graph, you can see that this means there will be firms operating in the titanium industry in long-run equilibrium.
The right answer for the question that is being asked and shown above is that: "TRUE." Each of the firms operating in this industry in the long run earns positive accounting profit. True False</span>
Answer:
The correct answer is option b.
Explanation:
Consumer price index measures inflation rate or changes in the general price level through a basket of goods generally purchased by the consumers.
In the given example, Michelle purchases a software in 2009 for $75.
In the next year, her cousin purchases an update of the same software at $75.
Since the price of the product is not changing, the CPI will also not change.
Because of update, the quality of the software has improved but it will not be included in the CPI.
Answer:
The correct option is : b. When volume increases, but at a nonconstant rate.
Explanation:
Curvilinear costs is a type of expense that <u>does not increase at a constant rate with the production volume.</u> It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.
The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.
<u>Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.</u>
I had to look for the options and here is my answer:
What Mcdonald's should do in order to know whether to serve breakfast all day based on economics perspective is firstly, conduct surveys to the customers in order to have a basis on what the customers would think and feel about this new change. And then there should also be a pilot-testing too.
Answer:
Marcy can rescind the contract.
Explanation:
If both Marcy and Lucy made an innocent mistake and did not try to defraud each other, then the contract can be rescinded and no party can sue for damages. It would be different if Lucy would have fraudulently misrepresented the truck to Marcy, then Marcy would have been able to sue for damages.
