Answer:
Increases in the production of one good require larger and larger sacrifices of the other good
Explanation:
Option first is correct because the opportunity cost refers to the sacrifice of another commodity in order to increase the production of one commodity. For example, if a country produces two commodities that are wheat and paddy. So if the country wants to increase the production of wheat then it has to decrease the production of paddy. Thus, the magnitude of decrease of paddy is the opportunity cost of wheat. Therefore, option A is correct.
Answer:
1. Market control by many small firms.
2. Difficult entry.
3. Mutual interdependence.
Explanation:
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Market control by many small firms.
2. Difficult entry.
3. Mutual interdependence.
Answer:
blinded
Explanation:
Since in the question it is mentioned that Jenae is able to acquire the different kind of coffee brand in half price and she knows that the coworkers would be object regarding the same but at the time of taste test the coworkers rejected the new brand so this scenario represent that the taste test was not blinded as they didnt keep the participants of not awaring with regard the brand what they were taking
Therefore the above represent the answer
Answer:
(B) the demand curve shifts leftward while the supply curve stays the same.
Explanation:
"Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. "
Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019
He should consider where he is going to get the money from, how soon he will be able to pay it back if he borrowed it, and if he needs anymore emplyees for the expansion.
