Answer:
a. The costs of producing a single Blue-ray plaver increases.
Explanation:
Supply curve represents a relationship between the the quantity of a good produced and the price of the good.
In this scenario if the cost of input of or other factors of production increases, the supplier will be forced to increase the price of BluRay CDs while reducing the quantity.
The marginal cost increases resulting in an increase in total cost of BluRay.
This is represented by a shift in supply curve to the left
Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
Factors of production are common to all productive activities, regardless of the economic system. Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. So it is True
Answer:
C. pay off her credit card debit
Explanation:
Credit score used to predict the chance that someone can pay his/her loans. To improve the credit score, you can take a look at FICO credit score criteria. The scoring uses payment history and credit usage as the highest scoring. Pay off your loans and lower your credit usage will help improve credit score significantly. Skip a payment will make your score lower. Opening a new credit card also can lower your credit score.