Recall the Application about running a software programming business to answer the following question(s).The time and invested funds involved in starting a software (app) development business addresses the economic concept of:

A. the marginal principle.
B. opportunity cost.
C. the real-nominal principle.
D. the principle of diminishing returns.

Answer: B

Economics

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Why is money as a medium of exchange important in an economy?

What will be an ideal response?

Economics

Economies of scale in production act as a source of:

A) legal market power. B) natural market power. C) restricted market power. D) regulated market power.

Economics