Define the terms Plant, Firm
Define the following terms?
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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.
Briefly describe Financial Leverage? In what manner it is calculated? What does low or high financial leverage signify?
Illustrate a fundamental characteristic of demand behavior?
The initial “professional” university professors who taught economic concepts like academic subjects, those were: (1) cosmologists. (2) moral philosophers. (3) socio-biologists. (4) natural historians (5) logicians. (6) mathematicians. (7)
Explain producers in an industry are receiving pure or economic profits?
Elucidate the growth record of the United States?
plz find the attachment and dont compromise on quality,, no similarity n need to be done according to requierment...
Give a brief introduction of the term Cost of retained earnings?
In modern parlance, David Hume statement regarding money which is Tis none of the wheels of trade. And tis the oil, was referring to the notion that money: (i) is relatively costly to produce. (ii) facilitates divisions of labor and specialization and
Describe Quasi-public goods?
Describe the Personal distribution of income?
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