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The law of increasing costs means that when an economy increases the production of one item .?
what law of increasing costs means that when an economy increases the production of one item _____.
How does a production possibilities curve illustrate Opportunity costs?
It shows weather the item you are talking about is increasing or decreasing.
What is total revenue minus total costs?
Total revenue minus total costs is the total profit of a producer. This can be increased by increasing the price, decreasing the costs while keeping the price constant and/or increasing the sales of the product or service.
How have the rising costs of gasoline affected the economy?
The rising costs of gasoline has adversely affected the economy by increasing costs for businesses and the end user. The only people profiting are the gasoline companies.
How does education affect economy?
Education directly affects the level of human capital (skill and knowledge we acquire), which is an input in economic production. Human capital increases economic growth by decreasing the costs of production and therefore increasing cost efficiency.
Why do airline flight prices change so often and mostly upwards?
Fuel costs. security costs. Insurance costs. labour costs. material costs. they all rise constantly. and since the so called "war on terror" the security and insurance companys have been making a fortune.
What were the escalator?
A contractual provision that makes pricing flexible by increasing or decreasing the contract price according to changing market conditions, such as higher or lower taxes or operating costs.
What were the escalator clauses?
A contractual provision that makes pricing flexible by increasing or decreasing the contract price according to changing market conditions, such as higher or lower taxes or operating costs.
What does IT capacity planning software do?
IT capacity planning software identifies the amount of resources needed to meet service demands in the future and the present. It benefits businesses by increasing revenue and decreasing costs.
Moving left to right the typical production possibilities curve ahas a constant neg. slope b has a constant posit. slope cillustrates increasing opportunity costs d ill. decreasing oppor. cost.?
Moving from left to right, the typical production possibilities curve:C)illustrates increasing opportunity costsFeedback: The typical curve is bowed out from the origin, reflecting increasing sacrifices of one good as the other is increased. This is the principle of increasing opportunity costs.
Moving left to right the typical production possibilities curve ahas a constant neg slope b has a constant posit slope cillustrates increasing opportunity costs d ill decreasing oppor cost?
Moving from left to right, the typical production possibilities curve:C)illustrates increasing opportunity costsFeedback: The typical curve is bowed out from the origin, reflecting increasing sacrifices of one good as the other is increased. This is the principle of increasing opportunity costs.
Why does the degree of operating leverage change as the quantity sold increases?
Operating leverage decreases as output increases because fixed costs are decreasing in relative importance and variable costs are increasing in relative importance as output rises. Thus, the degree of operating leverage is declining.
