<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Answer:
A need is something that is needed to survive. A want is something that an individual desires, but would be able to live without. A primary distinguishing feature of a need is that it is necessary to sustain life.
Answer:
involves two types of glutamate receptors
Explanation:
The glutamate receptors played the most crucial role in passing electrical signals from one neuron to another.
These signals are what we primarily used for memory formation, learning new information, and regulate the data that we input into several categories in our head. Because of this, we can sat that glutamate receptors are the place where fundamental processes by which memories are stored and learning takes place
The answer that best completes the statement above is this: full faith and credit. The Full Faith and Credit Constitution is found in the <span>Article IV, Section 1 of the United States Constitution. This states that whatever public actions and judicial proceedings that are practiced by every state should be respected by other states. In this case, it is the same-sex marriage issue which are being promoted by the advocates. </span>
