Answer:
C) A firm's marginal cost curve is equal to its supply curve for prices above average variable cost
Explanation:
A perfectly competitive firm maximizes its profit when its marginal cost = marginal revenue. In the short run, it will continue to produce even if the marginal revenue is lower than its marginal costs, as long as the marginal costs are ≥ average variable costs.
Therefore, all perfectly competitive firms should supply products or services following its marginal cost curve as long as the price ≥ average variable costs.
Answer:
A. Regular demand and supply describe the market for a single good, while aggregate demand and aggregate supply describe the combined market for all final goods and services
Explanation:
Aggregate demand measures the total demand for all finished goods and services produced in a country.
Aggregate supply is the sum of all goods and services firms are willing to supply at a given price
Demand is the amount of a good consumers is willing and able to buy at a particular price
Supply is the amount of a particular good suppliers is willing to sell at a particular price.
Answer:
<h3>true or if i wrong fulse so </h3>
Answer:
data mining
Explanation:
In business, Data mining is the act of obtaining information about customer's behavior that might be use for the company's benefit.
On most cases, Data mining is used to predict the behavior of a certain group of customers. By creating this prediction, the company could create a product or marketing strategy that can efficiently target that group.
in the excerpt above,
The shop obtain the data that a lot of consumers who bought sandwich also bought toothpaste a long with it.
From this data, the shop could make assumption that there is a correlation between the sandwhich and the tooth paste. (Maybe many of sandwhich buyers need the toothpaste to remove the sandwich's smell from their mouth). The shop could use this data and arrange the placement of the toothpaste so it's close to the sandwhich with the hope that it might increase its sales.
After 270 days, Your federal loan goes into default