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This graph is excellent for showing business cycles?
Unfortunately the graph does not show.. But, i can tell you that business cycle is divided into: 1) introduction - start of the graph 2) growth - graph goes up 3) maturity - graph is static and slowly pointing doen 4)decline - graph starts to go down.. if your graph is this way, then the answer is yes..
In economics what is cost?
cost of what you give up to get it
What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
How can one calculate the total revenue from a graph?
To calculate total revenue from a graph, you can find the area under the curve of the graph. This can be done by multiplying the price per unit by the quantity sold at each point on the graph and adding up all these values.
How is the term business sector used in economics?
In economics, the term business sector is the portion of the economy made up by the companies. It excludes the economic activities of the government in general.
