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What else can I help you with?
What is a pay increase to keep up with inflation called?
Cost-of-living increase.
What is a general increase in the cost of goods and services?
That is called "inflation".
Explain why the cost of everthing goes up immediately when disasters hit an area?
The cost of things increase during a crisis because there is a potential for scarcity. When things can be depleted, they become highly demanded, which warrants and increase in price.
What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
If average cost increases does marginal cost increase?
It depends if the increase in Average Cost is caused by an increase in Fixed Costs or an increase in Variable Costs. An increase in Fixed Costs will not increase MC, because FCs do not vary with output (by definition) And increase in Variable Costs will increase MC
What is a pay increase to keep up with inflation called?
Cost-of-living increase.
What is a general increase in the cost of goods and services?
That is called "inflation".
Explain why the cost of everthing goes up immediately when disasters hit an area?
The cost of things increase during a crisis because there is a potential for scarcity. When things can be depleted, they become highly demanded, which warrants and increase in price.
How come my employer increases cost of living percentages every time it is time to figure OUR cost of living increase?
Employers increase these percentages to offset such things as taxes, losses and increased overhead costs, all which must be accounted for, before employee cost of living is figured
Something cost 9.72 then it cost 9.79 What is the percentage increase?
0.72% increase.
What is an increase in opportunity cost?
an increase in oppourtunity cost is rasing of chicken and rice.
If average cost increases does marginal cost increase?
It depends if the increase in Average Cost is caused by an increase in Fixed Costs or an increase in Variable Costs. An increase in Fixed Costs will not increase MC, because FCs do not vary with output (by definition) And increase in Variable Costs will increase MC
What was the income tax increase during World War 1?
yes because war was going on plus it depended on the cost of things.
What is the 2008 cost of living increase in Ohio?
The 2008 cost of living increase in Ohio is 5.8% This increase in Ohio's cost of living is due to the spike in energy prices.
What is the 2008 cost of living increase in Manitoba?
What is the most recent cost of living increase for Manitoba
The increase in time and cost with distance?
The increase in time And cost with distance is referred to as friction of distance
Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
