Question Options:
constant returns to scale.
diseconomies of scale.
rising fixed costs.
economies of scale.
Answer: ECONOMIES OF SCALE.
Explanation: Economies of scale in business refers to the characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit. Here, production is efficient and the best value is received from the resources available thereby making costs per unit of output will be larger.
Answer:
Sector Partnership
Explanation:
Sector partnership indicates the coming together of both the private sector (trade association) and government sector aimed at providing qualified employees through identifying those skills needed by local companies and then working various colleges and universities in order to provide employees possessing those skills required by the local companies.
Answer:
The correct answer is "$9450".
Explanation:
Given:
Payoff from investment,
= $6000
Lending to bank,
= 
= 
Now,
At 15% interest,
The amount to be received from bank will be:
= 
= 
= 
= 
($)
hence,
In her old age, most she can assume will be:
= 
= 
($)
