Answer:
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Answer:
Specialization Leads to Economies of Scale
As labor is divided amongst workers, workers are able to focus on a few or even one task. The more they focus on one task, the more efficient they become at this task, which means that less time and less money is involved in producing a good.
Explanation:
Answer:
more butter would be produced
Explanation:
If the Shopkeepers expected the price to go up they would probably make more than normal amounts to hopefully make more money and would increase the the amount of butter we have today
Answer:
E) marginal; marginal
Explanation:
The diamond-water paradox is also known as the "paradox of value".
In this paradox it is argued that water which is an essential thing for human survival and is so important to human, is offered no value in the market. Whereas diamond which is just a precious stone and is not an essential thing in human's life is valued so much and has great value in the market than water.
So the diamond-water paradox provides the solution that those things having high values in usage have low prices in the market because they are consumed at low marginal utility. And those things which have low value in usage sometimes have high prices in the market because they are consumed at high marginal utility.
Hence he answer is
E) marginal; marginal