I think it would be FFA because that has to do with agriculture and farming etc. hope i helped!
Answer:
d. The firm will minimize its losses by shutting down.
Explanation:
The price multiplied the number of output is the revenue, which is less than the total cost as in this scenario. So this company is always lost.
Lost = number units x (cost – price)
The lost is as high as the number of unit produced.
Given the company do not have any room to improve the profit as it’s producing the profit-maximizing level of output; it’s the best for this firm to shut down.
Answer:
The average American’s real income today is about four times what it was in <u>1960</u>. Average lifetime lengths have increased by <u>12%</u>, the number of hours worked per week has decreased by <u>17%</u> , and homes have <u>more than</u> doubled in size.
Explanation;
Economic data shows that Americans make on average, about 4 times what they were making in real income in 1960 due to exponential economic growth.
At the same time, Americans are also living a longer life by 12% on average than in 1960 when the life expectancy was around 70 years. Today it is around 78 years.
Americans are also working fewer hours than their 1960 counterparts because where in 1960 they worked for an average of 50 hours a week, recently that number hovers around 40 hours a week.
Houses built are also larger than they were in the '60s as income has increased and preferences have changed.
All of them could work together by saving time helping each other cooking and serving food
I guess the correct answer is the GDP deflator but not in the consumer price index.
A decrease in the price of domestically produced nuclear reactors will be reflected in the GDP deflator but not in the consumer price index.
