Answer:Ob
---ways people obtain their wants with limited resources
Explanation:
Economics as defined by Lionel Robbins is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses.
The economy generally is filled with people having unlimited wants but the resources( land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by providing variety of goods and services from the scarce resources so that people can have choices to choose from in satisfying their limitless wants in order of preferences.
Answer:
Option (c) is correct.
Explanation:
There are two types of externality are as follows:
(a) Positive externality
(b) Negative externality
Negative externality occurs when a third person is affected by the engagement of two parties. It means that there is a reduction in the consumption function of the third person from the production of goods by the other parties.
In our case, a firm which produces paper and from this production of paper there is an emission of Dioxin which affect the consumption of nearest persons or firms.
Therefore, a paper producing firm have to consider all the externality while calculating the total cost.
Answer: Option D
Explanation: Expenses incurred by business in day to day to operations are called costs. These costs can be divided as follows:-
FIXED COST : These are the cost which are independent of the level of output.
VARIABLE COST : These are the cost which varies as per the level of output.
Increase in the level of production will increase the electricity consumption, also consumption of direct materials is directly related to number of units produced. Wages of workers are usually dependent on the output they produce. Hence, only insurance premium is a fixed cost as the company has to pay it irrespective of the level of output.
Ford Motor Company builds a glass windshield plant in Mexico and the windshields will be used in its automobile plants in the United States. This action could be considered to be <u>a greenfield and vertical investment</u>
Glass windshield
Because they are difficult to break or shatter, the windshield is regarded as one of the safest types. Laminated glass is typically used for car windshields. When a parent business establishes a subsidiary in another nation and starts up activities there, this sort of foreign direct investment is known as a "green-field" venture. With regards to constructing new factories or manufacturing facilities, green-field investments come with increased risks and expenses.
To learn more about Greenfield investment please refer to -
brainly.com/question/19090253
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