Answer: positive cross elasticity of demand.
Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.
In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.
Hence from the above we can conclude that substitute goods have positive cross elasticity.
Answer: Option C
Explanation: In simple words, macroeconomics refers to that branch of economics which studies the economy as a whole.
The equilibrium in macroeconomic aspect refers to a situation when the aggregate demand of an economy equals its aggregate supply in the market.
The demand generates from the expenditure and the supply generates from the production.
Hence from the above we can conclude that the correct option is C.
Ummm, Government does not fund nonprofits.
Answer:
The answer is idea generation.
Explanation:
Idea generation refers to the process of creating and developing ideas. During this process, General Mills would come up with ideas and test whether this product would interest people to buy it. At this step as well General Mills can explore why previous products did not succeed and strive to counter these obstacles in the future product.
Answer:
a. a decrease in the marginal productivity of her remaining capital and an increase in the marginal productivity of her labor.
Explanation:
Diminishing returns In economics is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.
Due to the fire outbreak, the owner will continuously try to increase her manual effort (labor) into the business, which at a point will overwhelm her remaining capital, leading to the decrease in the marginal productivity of what's left of her capital.
