They use mostly the media such radio, television, newspappers
It is TRUE. Marginal cost is the amount added when there is
an additional unit of product or service produced. Meanwhile, the total cost,
as defined in accounting, is composed of the total fixed costs and its total
variable costs. Fixed cost is not affected by the number of output a company
produced. Thus it won’t affect the marginal cost.
Governments - Intervene<span> in Markets
1) To promote general economic fairness; </span><span> to avoid exploitation of the citizens by firms charging exorbitant prices.</span>
2) <span>Maximizing social </span>welfare<span> is one of the most common and best understood reasons.
</span>3) To promote other goals, such as national unity and advancement.
4) <span>Government tries to combat market inequities through regulation, taxation, and </span>subsidies.
5) To minimize the damage caused by naturally occurring economic events.
are few reasons... to help you understand
