1.3.3 A situation where it is impossible to increase the welfare of one person without making another one worse off
Pareto efficiency / Pareto optimal / Pareto
1.3.3 The costs that remain the same even if the output changes
Fixed costs
1.3.2 Costs that remain the same even if the output changes
Fixed cost (FC)
1.3.3 The period during which at least one factor of production is fixed
Short run
1.3.6 The positively sloped part of the marginal cost curve in a perfectly competitive
firm
Supply curve​

answer; ///blank(1); security; blank(2); freedom; good luck

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.