Question and answer
When talking about money, uniformity means: a. every country needs to use the same currency. c. each continent should have their own coins. b. people must be able to count and measure money
accurately. d. none of the above. Please select the best answer from the choices provided
a. every country needs to use the same currency
Expert answered|selymi|Points 8912|
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Asked 9/27/2012 9:49:41 AM
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A baker calculates that by spending $16 on labor and materials, she can bake 10 cakes a day. $24 will allow her to bake 12 cakes, while $36 spent on labor and materials produces 14 cakes. In terms of capital and labor, the baker has a. increasing marginal returns. c. decreasing marginal returns. b. constant marginal returns. d. negative marginal returns. Please select the best answer from the choices provided
Weegy: The answer to your question is C. If she could bake 10 cakes for $16 you would expect her to bake double the amount for double the price. However, she can only bake 14 cakes for 4 extra dollars. [ You can see the definition of decreasing marginal returns (also known as diminishing returns) here: ] User: An entrepreneur knits sweaters for sale. The entrepreneur has fixed costs of $100. When he makes 10 sweaters in one month, he must spend $15 on wool. To make eleven sweaters in one month, he must spend $17 on wool. If he has no other costs, what is the marginal cost of the eleventh sweater? a. $1 c. $17 b. $2 d. $117 Please select the best answer from the choices provided Weegy: B. $2 User: Which is an example of a monthly fixed cost for a sandwich shop? a. rent c. workers' wages b. electric bill d. meat and cheese for sandwiches Please select the best answer from the choices provided Weegy: The answer is letter A. Rent. User: When the selling price of a good goes up, what is the relationship to the quantity supplied? a. The cost of production goes down. b. The profit made on each item goes down. c. It becomes practical to produce more goods. d. There is no relationship between the two. Please select the best answer from the choices provided Weegy: the answer is . c. It becomes practical to produce more goods (More)
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Asked 9/21/2012 6:22:51 AM
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Production costs are determined not only by the prices of inputs, but also by _______. a. intangibles c. competition b. technology d. consumer needs Please select the best answer from the choices provided
Weegy: {b. technology} Production costs are determined not only by the prices of inputs, but also by technology. (More)
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Asked 9/21/2012 6:31:33 AM
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The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied. Please select the best answer from the choices provided true
Weegy: Could you please provide a question in order to better assist you? Thank you. User: Which example best demonstrates the practice of the U.S. government providing subsidies to American industry? a. Offering a decrease in the excise tax for automakers who produce environmentally friendly cars. b. Deregulating the utilities and power companies. c. Encouraging farmers to switch to organic methods by supplying financial support. d. Allowing the telephone and communications companies to become privatized. Please select the best answer from the choices provided (More)
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