Answer:
3 UNITS OF MANUFACTURING OUTPUT
2 units of manufacturing output?
Explanation:
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
the opportunity cost of agricultural output in Australia = manufacturing output per day / agricultural output
= 9/3 = 3
the opportunity cost of agricultural output in Guyana = manufacturing output per day / agricultural output
= 8/4 = 2
Answer:
Jessica calls her colleagues informing them about her new bakery business.
Explanation:
Answer:
A. The business cycle
Explanation:
A period of macroeconomic expansion followed by a period of macroeconomic contraction is known as a business cycle. Like the name suggests, a business cycle is a cycle of highs and lows in economic activities.
There are periods of expansion which is often characterized by economic growth, leading to creation of more jobs, robust middle class etc and contraction which is characterized by loss of jobs, shrinking middle class etc in a business cycle.
Other periods of a business cycle may include peak, trough etc.
Answer:
thank you !
Explanation:
i might need to use thins soon haha
thanks,
~mina
