Define the terms Plant, Firm
Define the following terms?
Expert
1. Plant: physical establishment where production or distribution takes place (factory, farm, store).
2. Firm: business organization that owns and operates the plants. (The legal entity)
3. Industry: a group of related firms, producing the same or similar products.
a. Examples include the automobile industry or the tobacco industry.
b. Confusion often occurs because many businesses are multiproduct firms.
Describe the duty of bondholders in a bond?
Explain the slope of a straight line is the ratio of the vertical change to horizontal change between any two points on the line?
Elucidate Reliance on technology and capital goods of the market system?
Illustrate the rate of exchange of two products?
This wages vary within inverse proportion to the agreeableness and constancy of the employment was a perception first explicitly stated through: (i) Adam Smith. (ii) Karl Marx. (iii) Thomas Malthus. (iv) John Stuart Mill. (v) David Ricardo.
Write down the importance of Earnings per share?
Illustrations of opportunity costs which you might or will have incurred would comprise: (i) severe injuries suffered within an accident since you failed to buckle up. (ii) the income you could earn when you were not in school. (iii) time spent studyi
Why is the problem of unemployment a part of the subject matter of economics?
Economics as a science:We no longer ask the problem whether economics is an art or a science. Science is a systematized body of knowledge. Merely as physics and chemistry are sciences, econo
Describe the Slope of a nonlinear curve?
18,76,764
1928452 Asked
3,689
Active Tutors
1454075
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!