Public good are non-rivalry and non-excludable goods. People can benefit these goods without affecting and reducing its availability to others. Disease prevention by the government is purely public good since it is important to every individual and each person must not have any limitations in receiving these kind of prevention.
Answer:
C. Anchoring
Explanation:
The first price to be mentioned will have an effect on the perception of all future prices. If we start with $200, then $100 will seem cheap, but £1000 seem expensive. But if we start with $10, then $100 will seem expensive.
The anchor for a price perception may be found in the first price mentioned. It can also arrive in the mind of the purchaser, where the anchor may have been set by previous experience.
Answer:
Explanation:
From the question, we are informed that the British government has a consol bond outstanding paying pound 100 per year forever and that the current interest rate is 4% per year.
A. What is the value of the bond immediately after a payment is made?
The value of the bond here will be the present value of the payment on perpetuity. This will be payment divided by rate.
= $100/4%
= $100/0.04
= $2500
B. What is the value of the bond immediately before a payment is made?
The bond value here will be the value of the payment added to the value of the bond immediately after a payment is made which is calculated in (a) above. This will be:
= $100 + $2500
= $2600
Answer:
Where the research will be applied
Explanation:
Research utilization focuses on developing new knowledge (science), while evidence based practice focuses on improving existing clinical practices or developing new ones. In other words, research utilization focuses on the theory and evidence based practice focuses on the theory can be applied.
Answer:
C. is correct
Explanation:
When the price of one good rises, the demand for substitutes for that good rises, and vice versa
