Answer:
b. the total consumer surplus will be the area beneath the demand curve but above the current price of backpacks
Explanation:
A situation where there are many buyers in the backpack market indicates that the demand for this product is high, so the consumer surplus that will be received by the backpack manufacturer will depend on how much the consumer is willing to pay for the backpack, in which case Total consumer surplus will be the area below the demand curve, but above the current price of the backpacks.
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Answer:
Alzheimer's dementia
Explanation:Alzheimer's is a progressive disease, where dementia symptoms gradually worsen over a number of years. In its early stages, memory loss is mild, but with late-stage Alzheimer's, individuals lose the ability to carry on a conversation and respond to their environment.
Answer and Explanation:
What is Profit:
Profit is a positive value for revenue minus costs. (A negative difference always shows a loss.)
How is profit calculated in a firm:
The easiest way to find profit is to take the total revenue of the business and minus the total cost of the business. Hence, Profit = Total Revenue – Total Cost.
The total revenue or TR, is calculated from the price of a goods multiplied with the quantity of goods sold. While the total cost, or TC, is the sum of fixed cost and variable cost incurred. Hence, now the equation becomes as follows
Profit = P.Q - (Fixed Cost + Variable Cost).
This question is missing the options. I've found the complete question online. It is as follows:
Twelve-year-old Nathaniel was having trouble solving the word problems in his math homework. His dad began reading the problems aloud and emphasizing the important information. As Nathaniel started catching on, his dad gradually provided less help for each new problem. This interaction illustrates:
A) Piaget's concept of concrete operational thought.
B) Erikson's concept of industry versus inferiority.
C) Vygotsky's concept of scaffolding.
D) Piaget's concept of conservation.
Answer:
The correct answer is letter C) Vygotsky's concept of scaffolding.
Explanation:
According to Vygotsky's Zone of Proximal Development, scaffolding is the process in which a supporter helps a learner, but only to a certain extent. As the learner grows more knowledgeable, the supporter gradually withdraws his help, allowing the learner to do things on his own. Eventually, the learner becomes responsible for the outcome of his tasks. That is what Nathaniel's father is doing while helping him with his math homework. He assists Nathaniel, but slowly steps away allowing his son to solve problems on his own as he gains more knowledge.
