It is a case of an ethical dilemma. These are circumstances in which there is a decision to be made between two choices, neither of which settle the circumstance in a morally satisfactory manner. In such cases, societal and individual moral rules can give no tasteful result to the chooser.
<u>In </u><u>microeconomics</u><u>, the term </u><u>monopoly</u><u> is synonymous with decreasing returns of scale.</u>
When there are economies of scale in production?
As output increases, the long-run average total cost decreases. The total variable cost of creating five units of output is indicated by the Y-interval between the two curves in the diagram.
Is price and marginal cost equal?
- In economics, the practice of setting a product's price to cover the additional expense of producing an additional unit of output is known as marginal cost pricing.
- This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.
Simply put, what is microeconomics?
- Microeconomics is the study of how people, households, and businesses make decisions and distribute resources.
- It generally pertains to markets for goods and services and addresses both personal and financial concerns.
Learn more about microeconomics
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Answer:
Option "B" is the correct answer to the following statement.
Explanation:
The price elasticity of demand determines the flexibility of the volume needed to adjust the price.
The demand of an individual or market becomes inelastic if it will not adjust much to increasing prices, and it is elastic for an individual or market if the demand of a particular commodity will shift a lot as prices shift.
Answer:
Letter C is correct. <u>Socially complex; rare.</u>
Explanation:
Organizations are increasingly incorporating ecological sustainability initiatives in their processes and activities, this is mainly due to the phenomenon of social complexity, which is the study of human behavior in several broad and complex circumstances that impact individual and group existence, such as example natural disasters, political movements, marriage practices, emigration patterns and others.
Man is not merely a passive agent, but a searcher for fundamental goals for himself and for society for improvement and survival.
Therefore, it is correct to say that organizations' sustainability initiatives are increasingly present in the current world, and that is why they are not uncommon, because sustainability is already seen as a phenomenon of social complexity, where companies that do not act according to sustainable parameters do not they are well regarded by society, which wants to consume products and services from companies in line with the highest social and environmental standards, which act as an active agent for improving the quality of social life.
Answer:
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:
- the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.
Explanation:
- A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
- This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
- It only tells us about the production of goods not the flow of cash.
