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What else can I help you with?
If the economy is producing on the production possibilities curve?
At Full Potential
What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
How can one determine the fixed cost in economics"?
In economics, fixed costs can be determined by identifying expenses that do not change regardless of the level of production. These costs remain constant, such as rent or insurance payments. Fixed costs can be calculated by adding up all expenses that do not vary with production levels.
Why did someone choose to study economics?
Economics is the social science that studies the production, distribution, and consumption of goods and services. economics is the only stubject which can be applied in business and finance but also in crime,[4] education,[5] the family, health, law, politics, religion,[6] social institutions, war,[7] and science. so the student of economics will have knowledge in all the fields. In economics you can compare the currency level with other countries. Economics is the social science that studies the production, distribution, and consumption of goods and services. economics is the only stubject which can be applied in business and finance but also in crime,[4] education,[5] the family, health, law, politics, religion,[6] social institutions, war,[7] and science. so the student of economics will have knowledge in all the fields. In economics you can compare the currency level with other countries. so one should read economics
What is Macroeconomic?
Macroeconomic deals with the functioning of the economy as the whole. It is concerned with economy wide issues such as unemployment, inflation, and economics growth/development; it is the study of economics from a broad perspective of the resources and factors of production in an economy.
In economics what is a fixed cost?
Fixed Cost is the cost which remains constant at all levels of production during short period. It is the basic expenditure requirement of a business which is needed even at zero level of production. example: minimum telephone expenses
If the economy is producing on the production possibilities curve?
At Full Potential
What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
How can one determine the fixed cost in economics"?
In economics, fixed costs can be determined by identifying expenses that do not change regardless of the level of production. These costs remain constant, such as rent or insurance payments. Fixed costs can be calculated by adding up all expenses that do not vary with production levels.
Why is there a minimum water level on an immersion heater rod?
The minimum water level on an immersion heater rod is necessary to prevent the heating element from overheating and burning out. When the water level falls below the minimum, the heating element is exposed to the air, which can cause it to overheat and potentially become a fire hazard. Maintaining the proper water level ensures safe and efficient operation of the immersion heater.
Why did someone choose to study economics?
Economics is the social science that studies the production, distribution, and consumption of goods and services. economics is the only stubject which can be applied in business and finance but also in crime,[4] education,[5] the family, health, law, politics, religion,[6] social institutions, war,[7] and science. so the student of economics will have knowledge in all the fields. In economics you can compare the currency level with other countries. Economics is the social science that studies the production, distribution, and consumption of goods and services. economics is the only stubject which can be applied in business and finance but also in crime,[4] education,[5] the family, health, law, politics, religion,[6] social institutions, war,[7] and science. so the student of economics will have knowledge in all the fields. In economics you can compare the currency level with other countries. so one should read economics
What is Macroeconomic?
Macroeconomic deals with the functioning of the economy as the whole. It is concerned with economy wide issues such as unemployment, inflation, and economics growth/development; it is the study of economics from a broad perspective of the resources and factors of production in an economy.
When output is less than the efficient level?
When output is less than the efficient level, the amount consumers are willing to pay equals the cost of production. the cost of production is greater than the price consumers are willing to pay. the marginal cost of producing the good must be greater than the marginal benefit from the good.
What is minimum stock level?
a minimum stock level is identified and re-order happens when that level is reached
What is the minimum draw down level?
Minimum Draw Down Level (MDDL) is the minimum level of water at any reservoir or dam from which it can be withdrawn conveniently and sustainably.
How do you get production points in rising cities?
Production points are based around farms. The higher one has upgraded a farm, the more efficient their production becomes. The production doubles each level, while the production points increase by half. One must then continue to spend production points in order to earn more of them in the long run.
How is the average fixed cost determined in economics?
The average fixed cost in economics is determined by dividing the total fixed costs by the quantity of output produced. This calculation helps businesses understand the cost per unit of production that remains constant regardless of the level of output.
