I believe the answer is: that will increase their well-being.
during the process, people would weight in the magnitude of benefit that they would obtain from doing a certain action compared to the expense and opportunities they need to sacrifice to obtain it. If the benefit is larger than the sacrifice, then people would see their action to be rational or purposeful
A junta would most closely be related to the political concept embodied by the term oligarchy. An oligarchy is a political structure in which a small group of individuals maintain all of the power in a country. An oligarchy is similar to a junta in that a junta is a small group of individuals usually military personnel who control the power in a country. Therefore, junta and oligarchy share many similar connotations.
Answer:
Teresa wasn't sure how far she would swim during the first class. She would swim 3 laps during the second class.
<span> The environment benefits because the price system doesn't account for the cost of externalities.</span>
Answer:
2.12
Explanation:
PED = % Change in Quantity demanded / % Change in price
✔️Price when quantify demanded was 8:
Substitute Q = 8 into P = 50 - 2Q
Thus:
P = 50 - 2(8)
P = 50 - 16
P = 34
✔️Price when quantify demanded was 12:
Substitute Q = 12 into P = 50 - 2Q
Thus:
P = 50 - 2(12)
P = 50 - 24
P = 26
✔️% change in price = (old price - new price)/old price × 100
Old price = 34
New price = 26
% change in price = (34 - 26)/34 × 100 ≈ 23.53 (2 d.p)
✔️% change in quantity demanded = (old quantity - new quantity)/old quantity × 100
Old quantity = 8
New quantity = 12
% change in quanty demanded = (8-12)/12 × 100 = 50%
✔️ Elasticity (PED) = 50/23.53 = 2.12 (2 d.p)
