Answer: Option (C) is correct.
Explanation:
In a competitive market conditions, there are large number of buyers and sellers. All the firms in this market condition are selling identical products or we can say that all the goods are perfect substitutes.
Suppose if the firms earning negative economic profit then they continue to operate until the price of their goods is greater than the average variable cost and they shut down their production if the price of their goods is lower than the average variable cost.
A firm can experience normal profit, loss or supernormal in the short run.
But competitive firms cannot decreases their output to minimizes their losses.
Answer:
Sustainability refers to activities that can continue without depleting nonrenewable resources. By locally producing food, shipping costs are reduced. Shipping costs involve the use of fuel (gasoline and diesel), materials (boxes and plastic bags), equipment (machinery and trucks), etc. Many of these costs require the use of nonrenewable resources, e.g. oil by-products and metals, so reducing their use helps the environment.
Economically speaking, local food production helps to lower food costs, local farmers are benefited and more money stays in the local economy. Globalization shrunk the world, so producing food locally may apply to a region surrounding a city or a whole country, and the large the net exports (exports - imports) of a region or country, the better.
Answer: are usually more stable than earnings.
Explanation:
In the real world, it should be noted that the dividends are usually more stable than earnings.
There's regularity with the payments of dividends even though there might be fluctuation with regards to earnings. This gives a good image for the company and investors are normally interested in companies with stable dividend policy.
The Fed sells $5 billion worth of T-bonds on the open market.