Answer:
The correct answer is "relative prices; utility". A further explanation is provided below.
Explanation:
- The conditions of a connection or bond between variables customer demand or perhaps the proportion of such a given cost of production to the normal distribution of so many other products available throughout the marketplace.
- Individual's pleasure is usually measured by the consumption of that same goods and services.
Thus the above is the correct answer.
Fortune 500 Companies: A ranking of the 500 largest US firms, ordered by total revenues for each fiscal year, is known as the Fortune 500.
The US Based fortune 500 company that can be selected for analysis and which has issued Outstanding Bonds is Microsoft Corporation.
Outstanding Bonds: These are those bonds that have been already issued but have not yet matured or redeemed.
To learn more about Fortune 500 Companies, visit the following link:
brainly.com/question/14697728
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Answer:
The explanation is below
Explanation:
A. Shutdown point is achieved when price equal AVC. when price lowers than the AVC, firm shutdown.
VC = q^2
AVC = q
So,
P = q is the shutdown point.
B. For profit maximizing level of output,
P = MR = MC
500 = 20 + 2q
q = 240 units
So, profit maximization level of output = 240 units
C. Firm level supply curve = MC curve above the shutdown point
Number of firms = 5
So,
Industry supply curve = 10*MC = 200+20Q
Industry supply curve = 200+20Q
It shows that MC curve above the shutdown point is supply curve.
Answer:
With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.
Explanation:
It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%
Answer:
THERE ARE SCARCITY EVEN IN AN AFFLUENT COUNTRY LIKE THE UNITED STATES BECAUSE WANTS ARE LIMITED BUT NEEDS ARE UNLIMITED. SOME PEOPLE ARE POOR WHILE OTHERS ARE WEALTHY
