Answer:
Standard
Explanation:
The committee wants Ford to establish emission control standard.
Emission standard is a legal requirement that governs all forms of air pollutants which are released by a company's product into the atmosphere. Quantitative limits are set on specific air pollutants that have permission to be released at specific time periods.
Answer:
Average fixed cost is $1
Explanation:
Given that
Total cost = 10000
Variable cost = 5000
Output = 5000
Recall that
Total cost = fixed cost + variable cost
Fixed cost = total - variable
Fixed cost = 10,000 - 5000
FC = 5000
Also,
Average Fixed cost = fixed cost / output
Thus = 5000/5000
= $1
Therefore, Average Fixed cost is $1.
Also note that
Average variable cost, AVC = $1
Average Total cost, ATC = $2
Fiscal policy.
Fiscal policy involves changes in taxes or spending (government budget) to achieve economic goals. Changing the corporate tax rate would be an example of fiscal policy. fiscal policy: changes in Federal government spending or tax rates for the purpose of influencing the macroeconomy.
Discretionary Fiscal Policy: government spending and tax changes enacted at the time of the problem to alter the economy. Nondiscretionary Fiscal Policy: that set of policies that are built into the system to stabilize the economy (sometimes called automatic stabilizers).
Learn more about Fiscal policy at
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3 scenarios are applicable :
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
The quality of goods available to consumers
Federal government paychecks to soldiers
Explanation:
GDP is not known things outside the books like babysitting, which, but do not disclose to the government, add value to society. The satisfaction perception of households as a function of the wide range of products available to customers is not taken into account.
At last, the disappointment of pleasure people incurred by land converts into business applications are not known by GDP. All of that would be even more hard to measure correctly, although significant when determining the true standard of living in one region.
Soldiers are paid by federal government inspections in GDP when government transactions are taken into account.
