Answer:
Options one and two are correct.
Explanation:
Discretionary fiscal policies are understood as how the government spends its taxes and how this behavior can change to shrink or expand the economy. In the question, it is necessary to shrink the economy due to the recession: additional spending and tax cut are not reliable options because the government needs money and these two options reduce the incomes. On the other hand A and B do the opposite by generating more incomes (tax increase) and by not spending as much as before (reduction in spending on education).
Considering the scenerio about Judy and Amy are having lunch together and decide to split the bill equally. In this case, Amy is less price sensitive when sharing the cost.
What is price sensitivity?
Price sensitivity can be regarded as the degree to which demand changes as result if the changes in cost of a product or service changes.
It should be noted that Price sensitivity helps in measuring price elasticity of demand.
- And this rule implies that some consumers will refuse to pay more incase there there us availability of lower-priced option.
Learn more at price sensitivity at:
brainly.com/question/14094175
Answer: B. TC = 50 + 20Q
Explanation:
A Natural Monopoly is generally associated with a firm that has very high initial fixed costs. These costs are generally related to the use of high scale technology or machinery to operate effectively.
Some examples include, gas pipelines, electricity grids, and the like.
They act as both a deterrent for companies to join the market as well as to exit.
Option B shows the typical Total Cost function of a Natural Monopoly and reflects the high initial costs as well.
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Answer:
Graphs show the relationship between 2 variables. A graph is used to condense numeral information making patterns clearer. Using graphs makes data readable for economists.
