The two plane tickets represent a scarce resource because there are three of them who are going to Philadelphia and it needs three tickets to fly over there. The available resources that they have are not enough for them to realize their desire to watch the show in that place.
False is your answer so it would be b
Answer:
<h2>The correct answer in this case is option D. or The two indexes measure price changes for different "baskets" of products.</h2>
Explanation:
Both GDP deflator and Consumer Price Index(CPI) measure the variation or fluctuation in the price level of goods and services in the economy.GDP deflator is measured based on the variable baskets of goods and services produced by any country or economy.In other words,GDP deflator is estimated based on the costs or market value of a specific basket of goods and services produced by the country or economy which is compared with the cost or market value of the same set of goods and service in any previous base year.Under GDP deflator,this basket of goods and services varies periodically.CPI also uses the same concept but the specific basket of goods and services used to calculate CPI is fixed and does not vary over time or periodically,unlike GDP deflator.
If the market price is above or equal to the average variable cost, but below the average total cost the firm should keep producing in the run even though it does so at a loss.
<h3>When should a firm shut down production?</h3>
A firm should continue production in the short run if the price is above the average variable cost even if price is below the average total cost. The short run is a period when at least one or more factors of production are fixed.
To learn more about when a firm should shut down, please check: brainly.com/question/13034691
Answer:
which one of two machines should be purchased when the machines are mutually exclusive, have differing lives, and will be replaced at the end of their lives.
Explanation:
The Equivalent annual cost would be used for different reasons such as capital budgeting but the important purpose is that it is usedfor analyzing two or more expected projects having different time period , in which the costs are the most relevant variable.
So according to the given situation, the above represent the answer and the same would be considered
