1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Volgvan
2 years ago
8

Write a summary of the 3 principles of economic activity

Business
2 answers:
nadezda [96]2 years ago
8 0

Answer:

Explanation:

1. The four principles of economic decision making are: (1) people face tradeoffs; (2) the cost of something is what you give up to get it; (3) rational people think at the margin; and (4) people respond to incentives. people face  tradeoffs because to get one thing that they like, they usually have to give up another thing that they like. the cost of something is what you give up to get it, not just in terms of monetary cost but all opportunity cost. rational people think at the margin by taking an action if and only if the marginal benefits exceeds the marginals costs. people respond to incentives because as they compare benefits to costs, a change in incentives may cause their behavior to change.

2.  The three principles concerning economic.

notsponge [240]2 years ago
3 0

Explanation:

this might be helpful..

You might be interested in
In terms of memory, what is a chunk?
dexar [7]

In terms of memory, the chunk is a b. A cluster of information.

Chunking refers to the method of taking person pieces of statistics and grouping them into large devices. by grouping every statistics factor into a bigger entire, you can improve the number of facts you may recollect. probable the maximum not unusual instance of chunking takes place in cellphone numbers.

chunking: organizing information into doable bits or chunks. elaborative practice session: thinking about the means of the brand new statistics and its relation to information already stored in your reminiscence.

a bit is a group of factors that are strongly associated with each different, however, are weakly associated with factors in other chunks. Chunking. Combining small gadgets into large ones, such as whilst individual phrases are mixed right into a meaningful sentence. Chunking may be used to increase the capability of memory.

Learn more about Chunking here: brainly.com/question/1119213

#SPJ4

8 0
1 year ago
This is called brainer now. A posting service better that twitter.
Crazy boy [7]
.jehrwkbdjaa es geiebsjdgwjvsks née
3 0
2 years ago
Read 2 more answers
A manufacturer of a very labor-intensive product wishes to employ the 'experience curve' to predict the AVC associated with vari
Rasek [7]

Answer:

with the third doubling, the AVC = $9.11 per unit

Explanation:

The average variable cost (AVC) decreases by 10% with each doubling of cumulative output:

<u>Production level in units</u>                         <u>AVC per unit</u>

    1,000                                                   $12.50 per unit

    2,000                                                  $11.25 per unit

    3,000                                                  $10.13 per unit

    4,000                                                  $9.11 per unit

5 0
3 years ago
Mike, an advocate of a certain religion, publishes an article in New Times magazine insisting that Congress base all federal law
egoroff_w [7]

Answer:

<u>Press, Speech & Religion </u>

Explanation:

As per The First Amendment, the Congress had been prohibited to make any such laws which restrict an individual's freedom of speech, curtail the freedom of press or those which in any form promote or curb any religion.

In the given case, Mike, an advocate, supports a certain religion and went on to publish an article in a magazine, expressing his views and insisting upon Congress to base Federal Laws as per the principles of his religion.

The First amendment guarantees Mike, the freedom of speech i.e expression, freedom to practice the religion of his choice and the freedom of press i.e the freedom to publish an article expressing his views in a magazine.

5 0
3 years ago
While terri cannot remember what she ate for lunch, she recalls a wide number of facts and is someone you always want on your te
harkovskaia [24]
If Terri an remember a wide range of facts it is most likely that she will remember what she ate for lunch. Also, it is true that with the mind that she has she will most likely be good at trivia games where her memory of many facts will help her to excel. 
3 0
3 years ago
Read 2 more answers
Other questions:
  • More and more companies are increasing their interactive marketing budgets. most of this investment will be made in:
    5·1 answer
  • Equipment, beginning of year $ 340,000 Equipment, end of year 420,000 Accumulated depreciation, beginning of year 190,000 Accumu
    9·1 answer
  • Can someone please help me'/??? PLZZ
    11·1 answer
  • What are employers required to provide on all motor vehicles
    10·2 answers
  • . Understanding how shirking decreases team output Caroline sells bottled water from a small stand by the beach. On the last day
    10·1 answer
  • The company can manufacture either two food processors per machine hour or three espresso machines per machine hour. The​ compan
    15·1 answer
  • n January 1, 2022, Smeder Company, an 80% owned subsidiary of Collins, Inc. transferred equipment with a 10-year life (six of wh
    11·1 answer
  • What is the full form of MN ​
    12·2 answers
  • Slippery Slopes promised to arrange for a licensed California contractor to "work with" Water Slides Designs on the construction
    12·1 answer
  • Irshad's company requires every employee to participate in two half-day harassment training workshops. what ethical responsibili
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!