The correct answer is C. Expansion, peak, trough, and contraction.
Expansion is being characterized by increase of upward pressure on prices, economic growth and also increase in employment.
Another name for business cycle is trade or economic cycle.
We measure the business cycle by way of growth rate of real gross domestic produce when being put into consideration.
Answer:
c. less than
Explanation:
The marginal utility from drinking one more glass of water is likely to be
less than
When you run out of candy or your marginal utility goes to zero you can stop. The law of diminishing marginal utility states that as more of the good is consumed, the additional satisfaction from another bite will eventually decline. The marginal utility is the satisfaction gained from each additional bite.
Answer is C : in industries with strong economies of scale, efficiency tends to increase as the number of firms increases because firms face more competitors. as firms compete, they will increase output, lowering costs per unit.
It defines the purpose. It serves as a guideline for decision-making. It could also attract support and donations.
Answer:
D) the production of an additional unit of dynamite costs the same regardless of whether chemicals or labor are used.
Explanation:
Average total cost (ATC) per unit will be lowest where ATC curve intersects marginal curve (MC). At that point producing an additional unit of dynamite will cost the same no matter which combination of inputs (chemicals or labor) is used. At this point, production costs will be minimized, and then they will rise again (ATC curve is U-shaped).
