Answer:
socialist market economy
Explanation:
Hope this helps! Please mark brainliest!
Answer:
Wow that’s a lot of numbers hold up
Explanation:
Answer:
B. increasing returns initially and eventually diminishing returns.
Explanation:
Average variable cost initially, is high and tends to reduce with increasing number of units and on the long run then it ultimately tends to decrease.
Initially the returns are high on per unit, after that the company's return per unit decreases and the cost per unit in terms of variable cost also increases.
Average variable cost is less in the curve in the short middle term, then it tends to rise, as because variable cost starts increasing.
The company shall wisely choose to stop the production when the variable cost is increasing with a higher percentage than the decreasing revenue.
Answer: 'D'
The answer can be any of these.
Answer:
<u>Administrative delay</u>, <u>restrict trade</u>
Explanation:
An administrative delay refers to a procedural delay which occurs when a foreign product is allowed to be sold in the domestic market. In such a case, a waiting period gets imposed before the expiry of which the foreign exporter cannot enter the domestic market and sell it's products.
This delay is in the form of going through a very time consuming and cumbersome process of availing licenses, permits, sanctions, etc from the government.
Administrative delay acts as a barrier to trade since in a way it discourages the exporters from exporting their products to a foreign market owing to a tedious cumbersome time consuming procedure.
The practice is used by governments to restrict trade.
