Affects in Great Depression
State what affect the most in Great Depression?
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In 1920s the boom in business made people overly confident therefore people invested their money in risky stocks and deals with it. In addition, banks provide careless loans and soon failed when people could not be able to repay them back. Third, businesses produced more goods than were wanted and they could not sell or make a profit. Lastly, human workers / jobs were becoming replaced by machines and people could not find work.
Revenue of a firm: It is the sale or money receipts from the sale of product.
Fixed cost: Fixed costs refer to cost that remains constant as output modifies. For example: rent
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The only firm in this figure which has market power as a price maker is: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. Discover Q & A Leading Solution Library Avail More Than 1452560 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959957 Asked 3,689 Active Tutors 1452560 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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