Answer:
The correct answer is option A.
Explanation:
The dynamic model of aggregate supply and aggregate demand shows that if an economy the total spending in the economy increases faster than total production, there will be a shortage. This shortage will cause the price level to increase and will ultimately lead to inflation.
When the increase in aggregate demand is greater than the increase in aggregate supply, it will create a shortage in the economy. The demand for goods and services will be more than the supply of goods and services. This will cause the price level to increase.
All of the following are current focuses of ai research except cognitive surplus. Thus, option B is correct.
<h3>What is
AI research? </h3>
With an emphasis on automating investigation methods from creating a theory to carrying out trials, the use of AI throughout research must have significantly increased.
The AI research all included perception, knowledge representation, and natural language processing.
A person's cognitive surplus is indeed a combination of their attention, effort, ingenuity, and charity, which promotes efficiency, innovation, and cooperation with in technology world. Therefore, option B is the correct option.
Learn more about AI research, here:
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Answer: False
Explanation:
When more than one alternative can be selected from those available, the alternatives are said to be mutually exclusive. In evaluating independent alternatives, each alternative is compared against the "Do Nothing" alternative.
For mutually exclusive alternatives, the do-nothing is a viable option when revenue alternatives are involved.
Answer:
Total Revenues would increase because Demand is Inelastic
Explanation:
Demand is buyers ability & willingness to buy at a given price, time.
Elasticity of Demand is quantity demanded responsiveness to price change.
More Elastic Demand means quantity demanded responds highly to change in price. Percentage Change in Quantity Demanded > Percentage Change in Price. Elasticity of Demand [Δ%Q / Δ%P] >1 in this case. Price and Total Revenue (PxQ) are inversely related in this case ; i.e - price rise, TR fall & price fall, TR rise.
Less Elastic Demand means quantity demanded responds less to change in price. Percentage Change in Quantity Demanded < Percentage Change in Price. Elasticity of Demand [Δ%Q / Δ%P] < 1 in this case. Price and Total Revenue (PxQ) are positively related in this case ; i.e - price rise, TR rise & price fall, TR fall.
So: If Sam's Pint price change by 20% leads to demand fall by 4%, the demand is less elastic i.e < 1. Hence, Total Revenue will increase with increase in price.
Answer:
d. $432,590
Explanation:
In this scenario cost varies with volume of calls. This is called variable cost and is defined as cost that changes as the quantity of goods and services changes. Variable cost is a summation of all the marginal costs of units produced. They rise as production increases and vice versa.
To calculate the variable cost= Total cost/ volume
Variable cost= 452,500/25,000
Variable cost= $18.10
At a new volume of $23,900
Total cost= Variable cost * Volume
Total cost= 18.1* 23,900
Total cost= $432,590
