The answer is this chart demonstrates the marginal cost initially decreases as production increases.
Answer:
<em>a. law of increasing relative cost</em>
Explanation:
In economics, the law of increasing costs <em>is a theory which states that once all production factors (land, labour, capital) are at maximum output, it will cost more than average to produce.</em>
As production increases, the opportunity cost will also increase.
In such a nut-shell, markets and countries are trying to strike a balance on how to handle resources whilst using the goods to achieve the best possible productivity and revenue.
Answer: A depression is a severe and prolonged downturn in economic activity.
A recession is a business cycle contraction when there is a general decline in economic activity.
Answer:
displacement
Explanation:
The defense mechanism of displacement is a form of psychological defense mechanism whereby an individual transfers his aggression or negative feelings of emotion from the original source of the negative emotion to a less threatening person or object that was not the source of the negative emotion but is likely to not bring negative consequences or repercussions. OK this way the individual is able to act out his emotional response freely with this person or object as demonstrated above
