When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
<h3>What is a unit of account?</h3>
A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
Learn more on unit of account here; brainly.com/question/12730352
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The answer is b many people want this product and havent purchased it yet
Answer:
<em>a. Housing prices are down. </em>
<em>c. Less demand means more options for buyers.</em>
<em> d. Less demand means less competition with other buyers.</em>
Explanation:
During a <em>recession</em> in the economy, the <em>aggregate demand</em> is on a lower side. This makes the housing prices lower. Lower prices due to lower demand, imply more options for the buyers. Lower demand indicates less competition with other buyers for a buyer.
Hence, all (a), (c) & (d) are the main solutions to the problem, that's why it's easier to get a mortgage.
Answer:
B) average total cost must be rising
Explanation:
Marginal cost is the rate at which total variable cost increases when one more unit is produces.
So when marginal cost is larger than average cost, it means that total average costs must be increasing.
For example, we have the following production costs:
- total costs = $100
- units produced = 20 units
- total average costs = $5 per unit
If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).
