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What are 4 different types of opportunity cost?
Increasing, Decreasing, Constant, and 0.
Types of opportunity cost using production possibility curve?
constant, decreasing and increasing
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
How can the production possibilities curve illustrate opportunity cost?
It shows weather the item you are talking about is increasing or decreasing.
Cost of eggs in 2008?
The price of food has changed over time, increasing and decreasing. The cost of eggs in 2008 ranged between $1.83 and $2.17.
What are 4 different types of opportunity cost?
Increasing, Decreasing, Constant, and 0.
Types of opportunity cost using production possibility curve?
constant, decreasing and increasing
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
How can the production possibilities curve illustrate opportunity cost?
It shows weather the item you are talking about is increasing or decreasing.
What a markup?
increasing the value of product cost price
Cost of eggs in 2008?
The price of food has changed over time, increasing and decreasing. The cost of eggs in 2008 ranged between $1.83 and $2.17.
Why is the Marginal cost curve downward sloping?
Marginal cost curve is u-shaped curve, this is due to law of variable proportion(return to factors), firstly, there is an increasing return (i.e, decreasing cost) then there is a stage of constant returns (i.e, constant cost) then lastly comes the stage of decreasing returns (i.e increasing cost), that`s why marginal cost curve first slopes downward and then slope upward and become u-shaped.
What are the benefits of choosing a life insurance policy with decreasing cover?
Choosing a life insurance policy with decreasing cover can be beneficial because the coverage amount decreases over time, which can align with decreasing financial responsibilities like a mortgage or other debts. This type of policy can be cost-effective and provide adequate coverage for specific needs.
Is the cost of school sports increasing or decreasing?
well it depends on the schools finacil problems, it the school is in debt yes, but if the school isn't in debt it will be close to what it was.
How much does tesco home insurance cost?
Tesco offer three types of home insurance, Finest, Standard and Value cover. The cost of the insurance will depend on the contents of your home and the type of property.
How much does insurance for property cost?
Insurance for property can vary on the cost based on what you are insuring. The cost to cover just personal property is around $50 a year. The cost rises with needing to cover high value items and will be higher for actual homeowner insurance.
How does a company recognize that they've achieved economies of scale or diseconomies of scale?
They can recognise this by seeing that, when quantity is changed, the unit cost of production is falling or increasing at a changing rate. When there is an economy of scale, the unit cost of production is decreasing with units produced; with diseconomies, it is increasing. This can also be represented mathematically by finding the derivatives of cost functions.
