1. Market demand is g. the total demand from all consumers. 2. An improvement of technology is a change that e. makes it possible for firms to produce more goods with the same amount of resources as before. 3. Profits are a. revenue minus cost. 4. As long as the total demand and the total supply of the commodity remain equal, d. the equilibrium price will remain unchanged. 5. Part of company’s profits is put back into the business rather than c. paid out as dividends. 6. With inflation, people have to increase expenditure because h. old the level of expenditure in money terms now buys a smaller quantity of goods. 7. Profit depends on f. how much the amount received is greater than the amounts paid. 8. Opportunity cost is the amount i. an input can obtain in its use elsewhere. 9. Examining how revenues and costs change with the level of output produced and sold b. the firm can select the output level maximizing its profit.
Volgograd is an important industrial city and the administrative center of Volgograd Oblast, Russia. It is 80-kilometer north to south, situated on the western bank of the Volga River. Population: 1,021,244. The city became famous for its resistance, extensive damage, and death toll during the Battle of Stalingrad in World War II. Although it is possible the city originated in 1555, it was first mentioned documentally in 1589 as Tsaritsyn, located at the confluence of the Tsaritsa and Volga Rivers. Modern Volgograd remains an important industrial city. Industries include shipbuilding, oil refining, steel and aluminium production, manufacture of machinery and vehicles, and chemical production. Volgograd is a major railway junction serviced by Pri Volga Railway. A memorial complex commemorating the battle of Stalingrad, dominated by an immense allegorical sculpture of Mother Russia, was erected on the Mamayev Kurgan, the hill that saw some of the most intense fighting during the battle.
2. An improvement of technology is a change that e. makes it possible for firms to produce more goods with the same amount of resources as before. 3. Profits are a. revenue minus cost.
4. As long as the total demand and the total supply of the commodity remain equal, d. the equilibrium price will remain unchanged.
5. Part of company’s profits is put back into the business rather than c. paid out as dividends.
6. With inflation, people have to increase expenditure because h. old the level of expenditure in money terms now buys a smaller quantity of goods.
7. Profit depends on f. how much the amount received is greater than the amounts paid.
8. Opportunity cost is the amount i. an input can obtain in its use elsewhere. 9. Examining how revenues and costs change with the level of output produced and sold b. the firm can select the output level maximizing its profit.
Although it is possible the city originated in 1555, it was first mentioned documentally in 1589 as Tsaritsyn, located at the confluence of the Tsaritsa and Volga Rivers.
Modern Volgograd remains an important industrial city. Industries include shipbuilding, oil refining, steel and aluminium production, manufacture of machinery and vehicles, and chemical production.
Volgograd is a major railway junction serviced by Pri Volga Railway.
A memorial complex commemorating the battle of Stalingrad, dominated by an immense allegorical sculpture of Mother Russia, was erected on the Mamayev Kurgan, the hill that saw some of the most intense fighting during the battle.