average variable cost is a. at the same level of output as the minimum average total cost b. at a smaller level of output than the minimum average total cost c. at a larger level of output than the minimum average total cost d. at the same level of output as the average fixed costs e. same as minimum marginal cost 2. The multiplant monopolist maximises profits when a. Marginal cost equals marginal revenue b. When marginal cost in each plant are equal c. When average cost in each plant
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people are not realizing how the food gets put on their plates. I always though food came from nice farms with cute little fences and everyone’s happy‚ but in reality most foods come from mega factories and assembly lines that mass produce unhealthy choices for people to consume. When I think about the actions and profit motive of the multinational corporations‚ I see that they are just giving the consumer what they want‚ more food that is cheaper and convenient and at a faster pace. In order for the
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The economic role of women Social status of every person depends on position society. Social status is determined by social being a system of education‚ activities‚ ideals‚ values and goals of the individuals‚ the needs of society to the individual‚ the nature of state policy and state ideology. Proportion of the women rise‚ and this day they don’t spend enough attention the household. In many countries‚ women are the majority of workers in terms of non-standard work‚ such as temporary‚ casual
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find desirable; weighing the social prices to discern which individual is the best choice. All in all though this is not the whole story as human emotion plays an important role in choosing a spouse. Would this be different if discussed same-sex? No‚ I think the same concepts apply; the only difference is what is considered attractive in an individual. What are your thoughts about gender roles? Gender roles are described as a particular set of behavior and social norms attached to a particular
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government policies played a big role‚ with‚ for example the Ford-McCumber Act 1922 which raised tariffs to force domestic purchases in the US. While speculation grew after World War One‚ it was the availability of easy credit that allowed the average consumer to speculate on the stock market. Henry Ford’s manufacturing was a major cause of the boom as he raised the daily rate of pay which in turn made the consumer richer. With his new manufacturing techniques‚ Ford reduced the cost of his car making it available
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THE ROLE OF ASSUMPTIONS IN ECONOMICS If you ask a physicist how long it would take for a marble to fall from the top of a ten-story building‚ she will answer the question by assuming that the marble falls in a vacuum. Of course‚ this assumption is false. In fact‚ the building is surrounded by air‚ which exerts friction on the falling marble and slows it down. Yet the physicist will correctly point out that friction on the marble is so small that its effect is negligible. Assuming the marble falls
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Coby Deitch Mrs. Eichleay 8th Grade Social Studies March 11‚ 2016 Economic fighting in the 1800’s Historical Context: President Quincy Adam’s term was over and the election leading to Andrew Jackson’s presidency was heavy with political parties. Quincy Adams served as a diplomat‚ a senator‚ and was in the House of Representatives. Andrew Jackson was in the Congress‚ a senator‚ a national hero when his forces defeated the Creek and Seminole Indians‚ and fought in New Orleans during the War of 1812
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Throughout history‚ economics have changed drastically. The Roaring 20’s and Great Depression defined our country‚ The United States‚ and impacted everyone differently. The Roaring 20’s‚ otherwise known as the Age of Intolerance‚ was an age of social and political change. It was only the beginning of many inventions that sent American into the modern age. America was very prosperous during the 1920’s‚ but Europe was still feeling the devastation from World War I and fell into an economic decline. America
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Chapter 8: Cost Estimation Strategic Role of Cost Estimation * Cost Estimationthe development of a well-defined relationship b/t a cost object and its cost drivers for the purpose of predicting the cost * Facilitates strategic mgmt is 2 ways * Helps predict future costs * Helps identify key cost drivers for a cost object and which driver is most useful * Using Cost Estimation to Predict future costs * Strategic mgmt requires accurate estimates for the
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Introduction In the recent economic downturn‚ many companies collapsed‚ resulting in many jobless workers. Corporations‚ in order to survive the downturn reduced their head counts by retrenching. The unemployed couldn’t find jobs as companies are not hiring due to the pessimism of the economy. This hence attributes to the unemployment rate which has reached the highest in n the United States since 1983. Unemployment rate has always been one of the key economic indicator that investors and traders
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