Answer:
c. short-run average total cost is typically above long-run average total cost
Explanation:
In the case when the average of the total cost of the short run should be compared with the average of the total cost of the long run for a given output level so this means that the average of the total cost of the short run should be more than the average of the total cost of the long run
Therefore as per the given situation, the option c is considered
Most economists prefer real GDP growth as the best indicator of current economic performance. Real GDP is the gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. The real GDP allows economists to make useful comparisons of a nation's output and services by eliminating the effect of price changes. It is also known as inflation-corrected GDP and constant-price GDP.
NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?
Meanwhile, I hope these explanation below helps.
Answer and Explanation:
Two goods are said to be complementary goods if an increase in the price of a particular one leads to a commensurate decrease in the demand that buyers placed for the other one.
A good is said to be a normal good if the reason for an increase in demand is due to an increase in the income of the buyers.
A good is said to be an inferior good if there is a decrease in demand even though the buyers have experienced increase in their income.
Answer:
he actually died
Explanation:
he died of an accidental drug overdose which caused him to have a seizure.
Answer:
The correct answer is B. False
Explanation:
Sven never agreed to selling his motorcycle at the spot, he only made a statement that should he intends to sell it later, he will not sell it lesser than $2000.
