Answer:
TRUE
Explanation:
Opportunity cost refers to those costs that can help us save more money. When we move from one investment to another, then the additional income from the other investment is called opportunity cost.
In this case, if Joe chooses Invest in a bank deposit in the place of Gold coins, he can enjoy 3% more return at the place of no profit and loss, so Joe had loss his 3% opportunity cost.
Answer:
Derived demand accelerates changes in markets.
Explanation:
Derived demand can be defined as the way in which the demand for a good or service tend to result from the demand for the related good or service and this occured when their is the demand for either good that are tangible or intangible goods where a market exists for both related goods and services.
In another word Derived demand occured in a situation where the demand for one good or service happens because of the want for another good or service Example is increase in the need for Shoes material or equipment because of the increase in the need for Shoes
because the factor of production by a company is dependent on the demand by consumers for the product produced by that company which is why the transition to become demand-driven is slowly occurring in many industries.
Hence, The factor that increases the volatility of demand in industrial markets is "Derived demand accelerates changes in markets"
<span>Business organizations I bet. Hope this helps. :)</span>
Paying rent, paying for food, maintaining health care.
Answer:
Components of creation that can be differed with yield delivered are alluded to as factor elements of creation.
Elements of creation that can't be differed with yield delivered are alluded to as fixed elements of creation.
In given case, stove and laborers are utilized in pizza creation.
It has been given that in short-run, number of stoves can't be changed however number of laborers can be changed.
Along these lines,
In short-run, these laborers are variable information sources, and the stoves are fixed data sources.
Number of Workers: 0
Output (Pizzas): 0
Marginal Product of Labor (Pizzas): 0
Number of Workers: 1
Output (Pizzas): 70
Marginal Product of Labor (Pizzas): 70
Number of Workers: 2
Output (Pizzas): 120
Marginal Product of Labor (Pizzas): 50
Number of Workers: 3
Output (Pizzas): 160
Marginal Product of Labor (Pizzas): 40
Number of Workers: 4
Output (Pizzas): 190
Marginal Product of Labor (Pizzas): 30
Number of Workers: 5
Output (Pizzas): 200
Marginal Product of Labor (Pizzas): 10