Answer the question on the basis of the following Information. Number of Total Marginal workers Product Product 1 2 10 25 30 5 3 6. 34 The average product when there are five workers Multipie Cholce Is 3. Is 6.6. Is 33. cannot be determined from the Information given.

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A: Companies that assist with the installation process (such as computer software), maintain products…

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A: The factors that effect the demand of milk.  1) Price of the coffee and tea powders:  If the price…

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A: These are the factors which influence a person’s daily buying choices: The income of the consumer:…

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Q: Fast answer please quickly

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A: Bar charts: It refers to the chart in which the data is shown with the help of rectangular bars.…

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A: GATT was a legal agreement that was signed in1947 by 23 countries. It sought to reduce the barriers…

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Q: What are the principles of Consumption in Muslim Consumer Behaviour?

A: Principles of Consumption in Muslim Consumer Behaviour are discussed below.

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A: Preferences refer to an individual's or society's subjective rankings or choices regarding various…

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A: Yes, poverty has an effect on juvenile delinquency. Poverty is a major repeating factor of juvenile…

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A: It is the Indifference set which act as an combination of the two goods which actually offers the…

Q: What Is Supplier provided data?

A: Supplier data is the basis for strategic sourcing which helps in taking cost-reducing incentives. In…

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A: Answer: Introduction: Goods: goods are those things that have a physical presence. In other words,…

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A: Here we need to find the amount of a good that he or she will buy :  Now, As we know that, The…

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A: A cost-benefit analysis (CBA) calculates the benefits of a choice or action minus the expenses. A…

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Q: How does a consumer determine how much of a good he or she will buy?

A: In a market, when a consumer wants to purchase a specific good, he needs to decide how much quantity…

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A: The monopolistic competitive markets sell differentiated good and this concept of the differentiated…

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A: Nowadays, internet cafes may be found all over the world, serving a variety of purposes ranging from…

Q: What are the two things consumers can do with income?

A: Income is the financial gain earned during a particular period of time.

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Q: Does the role of price vary with the type of situation?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.