perfectly competitive industry become a monopoly, what changes
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
The difference narrows. ATC is the sum of AVC and AFC.. Since AFC declines steadily as output rises, the difference between ATC and AVC must narrow steadily.
maximizing the difference between total revenue and total cost
The short run is a firm's technology and the size of its factory, store, or office are fixed. In the long run, a firm is able to adopt new technology and to increase or decrease the size of its physical plant.
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family are the people you are related to, the household is who you live with
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
yahoo.com yahoo.com yahoo.com
There can be a 'domestic group' in my country. But surely they don't live in my household!
The firm is the company as a whole. The plant is one of the company's facilities, normally one of its manufacturing facilities.
The difference between filing single and head of household is the type of situation the tax filer has. Filing head of household can lead to a lesser tax paid for the year. If a person is single, but has dependents, it is better to file head of household. If a person is single with no dependents, a person should file as single.
a firm is a business unit that operates under a single management. while industry is a group of firm that produce similar products for the same market.
Difference between Private Limited and Limited firm
WHMIS products are for workplace , used in a lab , where HHPS is a household plce , where products are used for household!
A home (or house) is the structure/building made for people to live in. Where as a household are the occupants of the building and the building itself.
Inter-firm distribution is the process of distributing services, information, or products between two or more different firms. Intra-firm distribution is distribution of services, information, or products within one single firm.