Answer:
The correct answer is option B.
Explanation:
An increasing-cost industry is that kind of industry where the cost of production increases as new firms enter the industry. It generally happens as the industry expands, the cost of inputs increases, because the input demand is increasing as well.
An increasing cost industry has an upward sloping long-run supply curve. So when the demand increases, the new demand curve will intersect the upward sloping demand curve at a higher point. This will cause both the product price as well as the output level to increase.
Answer:
The correct answer is letter "A": True.
Explanation:
An echo check is an error-detection test. With this technique, a computer sends data to a different computer of the same network hoping to get a response to verify the correct reception. Besides confirming data breakups, it is useful to reduce data loss during line issues.
Answer:Consumer Price Index (CPI) 2016 = 111.54
Explanation:
consumer price index is a measure of price change over a period of time in other words consumer price index is a measure of inflation. A number of good are selected and their prices are monitored each year in order to measured against the base year prices in order to determine changes in the general price level.
The goods selected represent the spending patterns of the an average consumer in that economy or country. When the price of these goods rise over time when compared to the Basket Cost of the base year we can assume that there is a rise in the general price level
Base year = 2014
Basket's cost 2014= $52
Base cost 2016 = $58
Consumer Price index (CPI) 2016 = Basket costs 2016/base year Basket cost 2014.
Consumer Price index (CPI) 2016 = 58/52 = 1.115384615 x 100
Consumer Price Index (CPI) 2016 = 111.5384615
Consumer Price Index (CPI) 2016 = 111.54